There are heaps of For Sale signs on this estate. Many have been on for well over a year now, having dropped the price several times. The sad thing is, if they’d asked their current price 12 months ago, they would have sold. The vendors don’t want to find the current clearing price and would rather hold out for the upturn that never comes.
Still WAY overpriced…You could pay less and get a house within walking distance of Malahide village, train station, seafront etc. This type of estate will suffer more noticeably in the downturn…It was built at a time that people were happy to accept living on the outskirts of Malahide. Now people can afford to be more choosy and can buy for the right reason… location, location, location. To be in walking distance of the village is important, particularly for families with teenagers etc.
Why buy now when you will get it cheaper next year?