Property buyers sitting on the fence
For the past three weeks, the auction results pages of the property supplements have made for grim reading for anyone hoping to offload a home in Dublin before Christmas.
Withdrawal rates are running at about 70 per cent, there is a glut of property on the market and interest rates are rising again.
Add the fact that the Tanaiste and Minister for Justice Michael McDowell is expected to push for some form of reduction in stamp duty in December’s budget, and it’s easy to understand why many buyers are sitting on the fence, just as they did at the end of 2001 ...
