Affordable Housing query DCC

In May 2008, I bought an apartment under the affordable scheme in Reuben street via Dublin City Council.
If I was to sell the apartment now would the clawback I have to pay Dublin City council be the original price paid in 2008 minus the sale agreed price now?

What is the apartment worth,and what price did you buy it for?

vandriver said:

What is the apartment worth,and what price did you buy it for?

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Haven't had it valued yet but would be hopefull of getting €250,000 and I paid €230,000 in 2008

What was the original market value when you bought it?

vandriver said:

What was the original market value when you bought it?

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I think the Original valuation by council was €470,000 (Yes I know ridiculous), talking with my neighbour the valuation is more like €170,000 not €250,000!

If you sell at an open market fair price of less than your purchase price,no claw back is due.

If you sell for more than you paid,but less than the original valuation(!),you owe the price achieved,less the price you paid.

Obviously,there is zero incentive to sell it for more than you paid for it,as every cent wrung out of the new purchaser goes to DCC(above the €230k ),but that's the system.