Drop in house prices at the top end of market

Some house sellers in Dublin have slashed prices by as much as a third in an effort to secure a sale.

21st October, 2006

A survey by The Sunday Business Post found a large number of houses in the secondhand market on which prices had been significantly cut. At the top end of the market, the asking price on a house in Howth was cut by €2 million.

Another in Killiney reduced its asking price from €1.6 million to €1.095 million. Both properties have been on the market for months.

While there is no evidence to suggest that pr...

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