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Feeling ripped off?

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    #2
    Taxburden carrier
    Registered Users Posts: 555 ✭✭✭Taxburden carrier


    iriray wrote: »
    What is this? The apartments are being sold at 8,000 ear ex VAT.

    Find out in more detail…
    https://www.propertypriceregister.ie/Website/npsra/PPR/npsra-ppr.nsf/PPR-By-Date?SearchView&Start=1&SearchMax=0&SearchOrder=4&Query=%5Bdt_execution_date%5D%3E=01/01/2013%20AND%20%5Bdt_execution_date%5D%3C01/01/2014%20AND%20%5Baddress%5D=*phoenix%20park%20racecourse*%20AND%20%5Bdc_county%5D=%22Dublin%22&County=Dublin&Year=2013&StartMonth=01&EndMonth=12&Address=phoenix%20park%20racecourse


    Do you have any knowledge over this?
    Further proof that property is being sold in bulk at knockdown prices with the shortfall ultimately being carried by the Irish taxpayer.


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    #3
    L1011
    Registered Users Posts: 68,798 ✭✭✭✭L1011


    I'd be fairly certain those are unfinished units. 8k is a fraction of the construction cost to date but there'll still be tens of thousands required to finish them.


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    #4
    retalivity
    Registered Users Posts: 14,298 ✭✭✭✭retalivity


    i live near there and know a couple of people living in around there. A lot of the buildings named there are finished and have people living in them.

    For 8k you wouldn't expect much more than a shell, theres a lot more than that there


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    #5
    pog it
    Registered Users Posts: 2,912 ✭✭✭pog it


    So these are already sold?


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    #6
    Greenmachine
    Registered Users Posts: 5,063 ✭✭✭Greenmachine


    Wonder what the full story behind those figures is. Houses at 8k a pop.


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    #7
    skelligs
    Closed Accounts Posts: 196 ✭✭skelligs


    ground rent for transfer to a different company?

    currently these sell for circa 250k


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    #8
    iriray
    Registered Users Posts: 12 ✭iriray


    skelligs wrote: »
    ground rent for transfer to a different company?

    currently these sell for circa 250k


    And people have paid 400k+ from those apartments….

    P.S. Is Boards.ie censoring these messages or has the original writer removed some messages. I have no screen captures but two messages from this thread are gone, those messages contained some media links about this "8k" case.


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    #9
    skelligs
    Closed Accounts Posts: 196 ✭✭skelligs


    iriray wrote: »
    And people have paid 400k+ from those apartments….

    P.S. Is Boards.ie censoring these messages or has the original writer removed some messages. I have no screen captures but two messages from this thread are gone, those messages contained some media links about this "8k" case.

    NEVER believe what you read in newspapers as most journalists are "story writers" and do very little real checking.

    The links that were there simply pointed to a report in a paper about the property price register. The "journalist" made comment on what was in the report and did zero checking.


    400k+ was a different market. Today's market is what matters. Today they sell for about 260k. Though those who paid 400k are probably as well off as those buying today as they still have mortgage tax relief and more than likely have a 1% tracker, so their net monthly payment would not be much different to someone buying today at 4.5% interest and no mortgage tax relief.


    On more searching it seems it is a simple transfer from one company to another for whatever reasons. Possibly to separate it out to appease some financial institution that has guarantees on that specific development.


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