I work in Ballsbridge and so have been looking around the DART line for property (Castleknock, Ashtown, Clonsilla)
But the example I gave you of the Gasworks is 335,000, which is for a new, luxury one-bed property. Second hand one-beds in Dublin 2/4 can be purchased for around 300,000 in the current market.
As the country is now heading into recession I wonder should I wait for more than a year or buy now no one seems to know whats gonna happen...........help
Had a look at the 1 bedroom apt's in the Gasworks yesterday with an estate agent.
Price: 335000;
Second floor;
51 square metres(550 square feet).
Management fees: 1250
Overall wasn't very impressed with it. Kitchen and bedroom is very small, would be suspect of the noise around the place. I asked the estate agent would the price come down he say's that it has already come down he reckons that 1 beds were selling for 390000 2-3 years ago.
and dont forget the divorcees who soon will become quite a large portion of the population.
As mentioned by someone earlier, the only reason to buy a 2/3 bed apt would be to avail of a rent a room if they decide to live there, otherwise its just investors who would be buying.
I wonder what the message is here?
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