Bitthedust
Registered User
- Messages
- 7
I can only assume they were AH apartments and that owners are trying to avoid the council clawback by selling them at the price they paid.
A while ago a very similar apartment in the complex sold for €210k.
I’ve never seen 3/4 1 beds for sale at the same time.
,if you sell your AH dwelling for less than the stated value on purchase then every penny above your discounted original purchase price goes to the council.
Rented apartment out but am not breaking even because of exorbitant revenue, management fees and very few expenses which is a massive drain on annual budget along with renting at current values.
I undertook a 5 second Google search and it suggests you're wrong.It's not true that you have to pay all of the money over the affordable housing price back, that's not how clawback works. You pay the % of profit that your house was originally discounted by, a 5 second google search confirms this
Did you read scenario 3??from your link, I'm not wrong
Really?that isn't what the OP referenced or was being discussed.
I can only assume they were AH apartments and that owners are trying to avoid the council clawback by selling them at the price they paid.
Hello Folks,
I'm looking to sell my AH, & last week I found out that I wont receive any money back on the sale of this property greater than 270 000 (my mortgage) & the current market value of property 345 000. I am very upset by this as for 12 years I was misled to think that anything greater than 270000 would be split between the council & I as per clawback, but no, the clawback only comes in under extreme circumstances as in the property selling for over the original market price back in 2008 of €470 000. So essentially, if you sell the property in year 1 or year 19 it doesn't matter coz you dont make any profit from it. Whereas if you sell after year 20, you own the whole property & can make in excess of 180000 after you clear your mortgage ???
WIBR ...
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