Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Desperate developer slashes price by €150,000

Options
  • 04-07-2008 9:28pm
    #1
    jetski
    Registered Users Posts: 820 ✭✭✭


    Friday July 04 2008

    A PROPERTY developer has slashed €150,000 off the price of a five-bed detached house in a desperate bid to attract buyers.

    House hunters in Palatine, Co Carlow, can now buy a luxury 1,800 sq ft property in Lime Grove for €300,000, instead of the original asking price of €450,000.

    The Kavanagh Group has also shaved €81,000 off the price of three-bed terraced houses, which are now going for between €199,000 and €210,000. The price of a three-bed semi in the development has also dropped, to €220,000.

    So far, only 24 of the 67 homes, some of which are still being built, have been sold, said James Kavanagh, who runs the business with his brother Brendan. But after advertising the new prices, things are looking up.

    "Yesterday morning the phones were leaping off the wall," he said. "I was on site and had a dozen people looking at houses."

    The Kavanagh brothers say although they are losing money they had "no option" but to slash the prices because of the downturn.

    - Eimear Ni Bhraonain

    http://www.independent.ie/business/irish/desperate-developer-slashes-price-by-8364150000-1427498.html


Comments

  • Options
    #2
    punchestown
    Registered Users Posts: 660 ✭✭✭punchestown


    Apparently the original asking price of €450,000 was some time ago and there have been a number of price cuts in the intervening period. Me thinks this chancer is hoping to catch a few fools who think they are saving €150,000 in one fell swoop as opposed to market watchers who would be savvy enough to know that there is huge over supply in Carlow and that the price has much further to fall


  • Options
    #3
    dazberry
    Registered Users Posts: 2,145 ✭✭✭dazberry


    Any chance of a Jetski - mega merge thread or something???? There must be around 30 individual threads at this stage... just asking

    D.


  • Options
    #4
    Gabsdot
    Closed Accounts Posts: 76 ✭✭Gabsdot


    Goes to show the kind of profit the developers were making.


  • Options
    #5
    Victor
    Registered Users Posts: 78,262 ✭✭✭✭Victor


    dazberry wrote: »
    Any chance of a Jetski - mega merge thread or something???? There must be around 30 individual threads at this stage... just asking

    D.
    I you have a suggestion along these lines or a problem, plese use the report post button.


Advertisement