PaddyW – you’re a genius! That’s exactly what I am going to do! We have a variable rate loan so thankfully no penalties incurred! I am just looking to get us debt free and not at risk with no savings ASAP! Thank you so much for your help.
SteveW9 – sorry to disappoint but you’re comments on the value of our apartment are untrue. We actually bought off plans for €250k in 2005, moved into the apt in 2007 at which point it was worth (I mean selling on the open market and in second phase) for €330 and has since fallen again to a value of €270k. Apartments have sold recently for this price in our development. Anyway we are not interested in selling at the moment so it’s not really of key importance – have to live somewhere!!!
SteveWell if you bought it in 2005 for 250k its now worth 220k
Steve
Did you read the rest of the OP's post regarding what similar properties have sold for recently??? Or do you have some agenda highlighting falling property prices???
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