Estate agents, why are new builds advertised for one price and sold at another.

Feets

Housing estate for example, all go on sale in the same day. One half of a semi d goes for 638k but the other half if the semi d is sold at list price of 725k. Why the difference? Ive noticed it a few times

Atlantic Dawn

Would they be going to social housing where no VAT (13.5%) would be charged?

jrosen

Are the houses different, if you look at the brochure often there will be 2/3 styles of each bedroom house. So the square footage may be more, the garden size bigger.

Feets

Oh that social housing could be the ticket. Thanks. Gardens are post stamp size so I doubt thats the reason. Same house type, they are two attached semi d's.

Padre_Pio

https://www.boards.ie/discussion/2058317885/estate-agents-why-are-new-builds-advertised-for-one-price-and-sold-at-another

I have seen one instance where building costs increased, so early bird buyer paid one price, while later buyers pay more.

This is likely a social housing thing.

Feets

Ok but all houses were launched on same day so you think social get pre allocated? Why would it even go through property price register if the developer contributes the house as opposed to selling it.

Padre_Pio

https://www.boards.ie/discussion/comment/121229767#Comment_121229767

Social housing is designated as part of planning permission, and I presume all property transactions are recorded on the PPR.

Feets

Thats interesting. I thought the houses were donated as the developers allocation.

Zelaouz

Depends on the finish. Some buyers add in extras when buying off plans eg. Kitchen island, foundations for shed, electricity to outdoor shed etc. That can also give to apparently identical houses different final sale prices on PPR.