Agents cut Dublin property prices

Reductions of up to 33% hit second-hand house market, writes Susan Mitchell.

21st October, 2006

Estate agent s are slashing the prices of property in Dublin, according to a survey carried out by The Sunday Business Post.

The survey found that agents had cut prices by as much as €2 million. Price cuts of 33 per cent were not unusual across the secondhand market.

Glenlion House, a 4.75-acre site on Howth Head with a three-bedroom house and one-bedroom chalet, had an advised minimum value (AMV) of €6.5 million when it was...

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