For property in rural areas 20-30 miles for major employment sources.
I think apartments and duplexs should be coming in at around â‚¬100000. Land cost, say â‚¬8000, building costs 800ft @ â‚¬75ft=â‚¬60000, profit â‚¬10000, total is â‚¬78000, 13.5% VAT would still allow a bit for overruns, advertising etc.
Can’t see it ever dropping that low. At 800sqfeet I presume you’re talking about at least a 2 bed. Not sure what the average for a 2 bed Apt is in Dublin suburbia, maybe â‚¬300+K. Don’t think even Morgan whats his name is predicting nominal falls anywhere near this magnitude. The 10% set aside for the builders profit is also a bit on the unrealistic side…they wouldn’t even get out of the sack for that!