Hi!
I just put a deposit down on an apartment in the coast Baldoyle under the affordable housing initiave.
Problem is i dont know if I'm making a mistake. The apartment is on the market at 325k, prices were recently dropped by developer from 385k. Price under affordable housing is 280k.
Most properties in the development are still empty, developer cant sell due to downturn in market and also some areas of the development are affected by "Pyrite".
With all the news at the moment about property downturn and house prices set to drop further I'm wondering if I'm crazy to buy this.
I love the area, close to my family but I'd prob be looking to move on in next few years to a house if it was possible..what should i do?
I just put a deposit down on an apartment in the coast Baldoyle under the affordable housing initiave.
Problem is i dont know if I'm making a mistake. The apartment is on the market at 325k, prices were recently dropped by developer from 385k. Price under affordable housing is 280k.
Most properties in the development are still empty, developer cant sell due to downturn in market and also some areas of the development are affected by "Pyrite".
With all the news at the moment about property downturn and house prices set to drop further I'm wondering if I'm crazy to buy this.
I love the area, close to my family but I'd prob be looking to move on in next few years to a house if it was possible..what should i do?