A director of a leading house building company has claimed that construction firms cannot cut the prices of their properties, and are ‘‘down to their bottom line’’ at current prices.
Brian Byrne, of Wexford firm Cleary Doyle, expressed surprise at other developers cutting prices and said potential buyers were now ‘‘stupidly waiting’’ for prices to fall in property developments. Byrne said it was ‘‘important to know’’ when prices had bottomed out....
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