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Belfast Boy, August 13, 2009 in Northern Ireland
Here are the details on that development:
appartme...Flats going for that price. Still 100k for a townhouses though
The price on the billboard is "From Â£54,950". That would suggest the prices may have been dropped by 20%
Imagine... who in there right mind would pay Â£100k for a townhouse
(I wanted to buy a town house for over Â£300k in 2007 Silly me. The same place is now for sale at Â£150k. Thankfully I found this website)
I should also add that this development is not actually in the city itself. It's not so far out as to be really inconvenient but would certainly be a pain if you didn't have your own transport. Given the relatively small size of Derry I'd certainly want to be closer in. I'd also say that Â£100k for a house is over the odds but, then again, I think vendors in the city are only starting to wake up to implications of the current market conditions. The recent spate of job losses in the area are only going to make this an even worse environment for sellers.
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