Charlesland Property Crash !! 2 Bed for €40k

avantarklu

It official. The property market, or more specifically, the one in Charlesland has crashed! A two bed house for €40,000
http://www.myhome.ie/search/property.asp?id=327886&np=&rt=search&searchlist=

I particularly like the
"You could finance this home from...
€176 pm*
With permanent tsb
*92% Mortgage for 35 years @ 4.6% APR Var "

Lissavane

avantarklu wrote:

It official. The property market, or more specifically, the one in Charlesland has crashed! A two bed house for €40,000
http://www.myhome.ie/search/property.asp?id=327886&np=&rt=search&searchlist=

I particularly like the
"You could finance this home from...
€176 pm*
With permanent tsb
*92% Mortgage for 35 years @ 4.6% APR Var "

Looks undervalued. Should reach E140k eventually tho. Give it a year or so.

Hammiepeters

Lissavane wrote:

Looks undervalued. Should reach E140k eventually tho. Give it a year or so.

I knew that we had the potential to talk it down but I never thought it would get that bad.

daithilocha

clever ploy by the sellers me thinks. .

annieee

Cool, I'll take two please

JupiterKid

€40,000? Wow...I never imagined that the Irish property crash would happen so quickly. But seriously, that HAS to be a typo, right? Or is the vendor that desperate to get rid of the property?

Makes you think why were some people prepared to pay €450,000 or whatever grotesquely inflated price so that could take on an albatross of a 100% 40 year mortgage to buy such a place in 2006...In property bubbles, rational and same thinking goes out the window.:eek:

postmanpat69

It was a typo, its been corrected to €400,000