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Prices Start Falling In Dublin

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Well according to the Belfast Telegraph agents are reporting price drops in Dublin.

Despite industry sources having described the Irish property boom as "phenomenal", recent anecdotal evidence from the Irish Auctioneers and Valuers Association (IAVA) sparked controversy by suggesting some properties in popular areas of Dublin had to reduce their prices dramatically in a bid to clinch a sale.

Fintan McNamara, IAVA chief executive, said a number of its members had reported a significant drop in some property prices.

"An average three-bed semi in the inner suburbs of Dublin that was selling at Easter for 700,000 (£479,956 euro) is now selling for 20,000 euro (£13,714) less," said Mr McNamara.

And those trying to sell recently constructed homes are having the same problems with the owners of a three-bed terraced house in Addison Park, Glasnevin, who have been asked to reduce the priced by a massive 75,000 euro (£51,429) to generate interest, according to the Institute's spokesman.

Needless to say this will come as a shock to many. :blink:

Agents report drops

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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