House prices slashed

WEXFORD auctioneers are slashing house prices in the town in a bid to revive flagging sales as the property market continues on its downward spiral.People who bought homes in some new estates in the town at the peak of the market, particularly during the past 18 months, now face negative equity. Those with 100 per cent mortgages are particularly exposed, but due to the large re

WEXFORD auctioneers are slashing house prices in the town in a bid to revive flagging sales as the property market continues on its downward spiral.

People who bought homes in some new estates in the town at the peak of the market, particularly during the past 18 months, now face negative equity. Those with 100 per cent mortgages are particularly exposed, but due to the large reductions in house prices this year even those recent buyers with 92 per cent mortgages could now be into negative equity in some Wexford estates.

Wexford People