Dublin House prices Falling
PUBLISHED 26 September 2006
Irish Auction Info
The Sunday Independent reported yesterday that the extraordinary glut of houses coming on the Irish market this month has led to widespread falls in the prices being demanded by estate agents.
With nondescript detached houses without garages selling for €1.2m in recent times, in South Dublin, it shouldn’t be surprising that pricing at some point would hit a ceiling.
The newspaper says that in one case a red brick house on McMahon Street in Portobello off Dublin’s South Circular Road has seen its asking price slashed by 20 per cent. The house was withdrawn from auction in June, with agent Sherry FitzGerald then quoting a price of €1.25m. Last week the property was advertised at just €1m.
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