Devaluation of Investment Properties due to excess supply

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tibbs

Guest
It seems to be that investment properties when they become saleable after 10 years will be only saleable for a fraction of what they were purchased for even allowing for the add on in price due to the tax break due to the ever increasing supply of apartments that are being built in the Dublin Inner City area.Excess supply will reduce demand price and prices will drop radically.I suppose from a CGT point of view a lower market price after 10 years will reduce the CGTBill.Anyone have any views on this ?
 
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EAMONN66

Guest
Re: Devaluation of Investment Properties due to excess suppl

i heard a lot of people say the same thing 10 years ago when tax break apartments cost 40 grand.
 
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