Daft Property - Irish Property News

Prices for self-catering holiday homes have been slashed by up to 60 per cent - despite July and August being peak season - because letting agents cannot rent them otherwise. Dream Holiday Homes and self catering.ie, two of the country’s largest such firms, last week reported significant cuts in prices and a surge in business for special-offer rates. Selfcatering.ie managing director Mary Carr said that ‘‘never before in high season have rates been cut to such a degree’’. ‘‘Houses for seven days in the likes of Rosslare or Kenmare, which have always been popular, have dropped from €950 or €850 per week to €750 or €650. ‘‘We have deals for inland accommodation in places like Westmeath for €299 a week and in hotels like Breaffy House [Mayo] for €134 per person sharing for two adults’ bed and breakfast with one evening meal, with two kids eating and staying for free. ‘‘Local attractions and businesses are all offering discounts, and people are more price-conscious than ever. Inste

Desperation as luxury home prices halved... A DEVELOPER of luxury homes just 11km from Dublin Airport has been forced to slash the €1.4m sales price in half in a bid to attract buyers. Detached five-bed houses at Lynnwood in Ballyboughal, in north Co Dublin, originally went on the market for €1.4m. The 3,013-sq-ft (280sq-m) houses were first reduced by €450,000 in a bid to attract purchase-shy buyers. Then on Tuesday, the price was cut back another €100,000 to €850,000. By late yesterday, developers Area Building dropped the price by another €100,000 to €750,000. The move to cut the price in half came days after leading developer Taggart was forced into administration. Selling agent Paul Tobin said the homes were fully fitted out to a high standard. He insisted that the developer had spent €1.1m building each of the houses in the small scheme, once land values and construction costs were added together. Mr Tobin said the developer had been trying to sell the houses for months and was n