CoffeeBrew
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This mornings Indo:
If this report is correct then negative equity looks like a real possibility in these estates.
Anyone in Limerick with details or anecdotals ?
http://www.unison.ie/irish_independent/stories.php3?ca=9&si=1470686&issue_id=13012
OVERSUPPLY of accommodation for students at the fastest-growing university is forcing investors to drop rent by almost 30pc, it has emerged.
An ever-improving supply of University of Limerick's on-campus accommodation, means cost of renting rooms in houses in nearby estates decreasing from an average of €70 to €50 per week.
There are also reports that house prices, too, are dropping, with a number of properties selling recently for what they would have made four years ago.
If this report is correct then negative equity looks like a real possibility in these estates.
Anyone in Limerick with details or anecdotals ?
http://www.unison.ie/irish_independent/stories.php3?ca=9&si=1470686&issue_id=13012