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Downward pressure being "hidden" by developers

jd · 2003-06-23 18:41:00

Wonder has anybody any comments about this- I hear that a development in Santry Pk is now getting an allowance of 10000 euros to fit out the apartment, where a few months ago it didn't. Could developers be hiding a downward tendancy for the prices of new developments. Or is it probably just that the remaining apartments…

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23-06-2003 7:41pm

#1

jd

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Wonder has anybody any comments about this-
I hear that a development in Santry Pk is now getting an allowance of 10000 euros to fit out the apartment, where a few months ago it didn't. Could developers be hiding a downward tendancy for the prices of new developments. Or is it probably just that the remaining apartments are "less desirable"?
jd

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#2 24-06-2003 4:57pm
Victor

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Most developments do offer a fit out allow for things like nicer kitchens, bathrooms, tiles, carpets, wardrobes and fireplaces, however €10,000 does seem generous. It might be that the developer isn't seeing the frenzy that was there previously and wants to keep things going. However, it might be that this €10,000 is offset by the higher price you usually see in later units in a development.

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