55 Gainsborough Avenue, Malahide (-140k, -19.2%)

Was 730k

link

then 690k

link

Now 590k

www5.daft.ie/searchsale.daft?id=263498

Thats a pretty sharp drop. Lot of other 4 beds in Gainsborough still quoting 700k+. Maybe reality is slowly setting in…

I know someone who sold here withing that past 18 months - they speak very highly of their estate agent.

I looked quite seriously at buying one of these houses back in early 2004. Needless to say I crunched the numbers and decided not too. It went for 505,000. It has been my benchmark ever since.

Now Ireland has had inflation running at roughly 4% in the 4 years since.

Therefore 2008 value of that 505,000 is 505,000 x (1+0.04)^4 = 590,778

It’s back up to 690k

Must have been a mistake by the EA :oops:

Even with their ‘mistake’, I wonder if they got many more enquiries.

now at 670,000 …

daft.ie/searchsale.daft?search=1&s[cc_id]=ct1&s[search_type]=sale&s[a_id]=ga4&s[refreshmap]=1&offset=20&limit=10&search_type=sale&id=344585