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Downward pressure being "hidden" by developers

  • 23-06-2003 6:41pm
    #1
    Registered Users, Registered Users 2 Posts: 5,741 ✭✭✭


    Wonder has anybody any comments about this-
    I hear that a development in Santry Pk is now getting an allowance of 10000 euros to fit out the apartment, where a few months ago it didn't. Could developers be hiding a downward tendancy for the prices of new developments. Or is it probably just that the remaining apartments are "less desirable"?
    jd


Comments

  • Registered Users, Registered Users 2 Posts: 78,580 ✭✭✭✭Victor


    Most developments do offer a fit out allow for things like nicer kitchens, bathrooms, tiles, carpets, wardrobes and fireplaces, however €10,000 does seem generous. It might be that the developer isn't seeing the frenzy that was there previously and wants to keep things going. However, it might be that this €10,000 is offset by the higher price you usually see in later units in a development.


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