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Charlesland Property Crash !! 2 Bed for €40k

  • 27-07-2007 8:47pm
    #1
    avantarklu
    Registered Users, Registered Users 2 Posts: 46 ✭


    It official. The property market, or more specifically, the one in Charlesland has crashed! A two bed house for €40,000
    http://www.myhome.ie/search/property.asp?id=327886&np=&rt=search&searchlist=

    I particularly like the
    "You could finance this home from...
    €176 pm*
    With permanent tsb
    *92% Mortgage for 35 years @ 4.6% APR Var "
    :):):):):)


Comments

  • #2
    Lissavane
    Registered Users, Registered Users 2 Posts: 542 ✭✭✭Lissavane


    avantarklu wrote:
    It official. The property market, or more specifically, the one in Charlesland has crashed! A two bed house for €40,000
    http://www.myhome.ie/search/property.asp?id=327886&np=&rt=search&searchlist=

    I particularly like the
    "You could finance this home from...
    €176 pm*
    With permanent tsb
    *92% Mortgage for 35 years @ 4.6% APR Var "
    :):):):):)
    Looks undervalued. Should reach E140k eventually tho. Give it a year or so.


  • #3
    Hammiepeters
    Closed Accounts Posts: 637 ✭✭✭Hammiepeters


    Lissavane wrote:
    Looks undervalued. Should reach E140k eventually tho. Give it a year or so.
    I knew that we had the potential to talk it down but I never thought it would get that bad.


  • #4
    daithilocha
    Closed Accounts Posts: 28 ✭daithilocha


    clever ploy by the sellers me thinks. .


  • #5
    annieee
    Registered Users, Registered Users 2 Posts: 362 ✭✭annieee


    Cool, I'll take two please :)


  • #6
    JupiterKid
    Moderators, Social & Fun Moderators Posts: 13,102 Mod ✭✭✭✭JupiterKid


    €40,000? Wow...I never imagined that the Irish property crash would happen so quickly. But seriously, that HAS to be a typo, right? Or is the vendor that desperate to get rid of the property?

    Makes you think why were some people prepared to pay €450,000 or whatever grotesquely inflated price so that could take on an albatross of a 100% 40 year mortgage to buy such a place in 2006...In property bubbles, rational and same thinking goes out the window.:eek:


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  • #7
    postmanpat69
    Registered Users, Registered Users 2 Posts: 40 ✭postmanpat69


    It was a typo, its been corrected to €400,000


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