Daft Property - Irish Property News

How Low Dare You Go? ...With few property deals being done and prices in freefall , many vendors are wondering what their bottom line should be to get a sale... House prices are sliding – and fast. Yet while most vendors now accept that they have to cut prices in order to tempt buyers, despite all the potential bargains on the market, statistics suggest that buyers are still deterred. Lack of liquidity, the prospect of further price falls, job losses and a worsening economic climate are taking its toll. In 2007, 158,000 people drew down mortgage loans. Frank Conway of the Irish Mortgage Corporation suggests this is down by as much as 36% this year – so far. According to Sherry FitzGerald's latest House Price Index prices have fallen by 26% since their peak in June 2006, with prices down by as much as 32.8% in Dublin. At the lower end of the market, vendors slashing €60,000, €70,000, €80,000 off the price of their property is common. High-end homes have been reduced by hundreds of t...

Time for the Summer SALES!... The Sunday Buisness Post's, Michelle Devane, "looks at what’s on offer for buyers ahead of the summer season... Eirene, Marino Avenue East, Killiney, Co Dublin Savills HOK Was: €6 million Now: €4.15 million Built in 1884, this spacious detached period residence was designed by the renowned Victorian architect Thomas Deane and is full of original period features. Eirene has been on the market for almost four months and its asking price has been reduced by 30 per cent to €4.15 million. With five-bedrooms and 325 square metres of living space, which is in need of modernisation, it is set on two acres of private mature grounds with views across Killiney Bay. The Dart station, Killiney beach and the Holy Child convent are within a couple of minutes walk... 49 Clarinda Park East, Dun Laoghaire, Co Dublin Savills HOK Was: €2.55 million Now: €2.15 million Beautifully restored and refurbished, 49 Clarinda Park East is a two-storey over garden level propert...