HOUSEHUNTERS in a busy commuter town can now get a two-bedroom apartment for just €110,000 -- a third of the original asking price.
It's a case of 'three for the price of one' at the exclusive Capella Court apartments in Newbridge, Co Kildare.
When the gated development first opened in 2007 -- buyers forked out prices starting at €322,000.
But now they will be seething at the prospect that newcomers can buy three apartments for the money they handed over at the height of the boom.
Residents at Capella Court who bought in 2007 will be paying three times the amount in monthly mortgage repayments of their new neighbours for apartments of the same size and specifications.
The attractive price tag comes as receivers have been appointed to re-launch the apartments.
Dwellings are finished inside and lighting, footpaths and landscaping are in place. The two-bedroom apartments are set to attract investors, with average rents in the capital's commuter belt at €733, according to the latest property survey by popular website Daft.
The Indo
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As time goes buy, it will be possible, but inadvisable, to buy at lower and lower prices.
The way that the government is going, NAMA, Quinn etc
It will last two decades. Expect no "recovery" for a decade after that. A la Japan!
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