Daft Property - Irish Property News

Developers are offering substantially lower prices in the hope of shifting remaining units at schemes built in the last two to three years... PRICE CUTS of up to 40 per cent are being offered by builders in an attempt to get the stalled new homes market moving again and to clear unsold units. While price reductions are bringing many new homes back to pre-2006 prices and interest rate cuts have gone a long way towards improving affordability, lack of finance and negative sentiment remain as the big hurdles for potential buyers. A raft of new homes developers are hoping to shift remaining units at developments built in the last two to three years and are pitching prices at substantially less than the original asking prices. For many builders it is not a case of making a profit any more, it’s simply making some sales to cover the cost of building and paying off some of the debt on sites. Price cuts will be most prominent in large schemes on the edge of the city where developers have stru...

Buy my house and get me free - sellers turn to novel ways of enticing customers... 2008 Review: HARD SELL: Want a Lamborghini? A pad in Cape Verde? A wife? These days vendors are getting increasingly desperate, says Paul O'Doherty... SO, IT'S come to this. You're sitting on your stack of blocks that someone in risk management - the irony of it - said would make a great investment five years ago, and now, your Polish long-term tenants have gone home and you can't sell, rent or live in it for love nor money. Or, the bachelor pad has just become a fashion accessory too much - read, I can't afford it - and you're going to move back in with poor Mum and Dad. You can take your pick from any number of examples. Meanwhile, the bank wants to know whether, having missed last month's repayment, you would mind calling in for some financial advice? But how to shift that one-time prime piece of real estate that just won't budge? What you know for certain is that you...