Reduced from 1.675m
http://www.ireland.com/newspaper/proper ... 31831.html

to 1,590m
http://www.myhome.ie/residential/search ... YBLN334750

Now at €1,285,000
http://www.myhome.ie/residential/brochu ... nes/288433

This is Liz O'Kane's gaff? Previously it was just referred to as "3 Louis Lane", so I guess the new name is a rebranding.

Positive thinking: ask, believe, receive. Does this mean she has started to listen to negative people?

P.

The mirrors still there

This trophy home will now clear at the same price as "ordinary" semi-d's did in nice Sth. Dublin areas like Templeogue, Terenure, Stillorgan, Rathfarnham at peak. In other words €800k-ish.

Perhaps being able to watch yourself defecate is all part of a healthy positive-thinking body image.

P.

This was previously being tracked at
viewtopic.php?f=23&t=7932
That topic is now locked.

Currently property of the week at http://www.felicityfox.ie Also known as the the property formerly known as 3 Louis Lane

Better get in quick folks, it's only been on sale for three years

Never fear however, the vendor is apparently a property morkeshing expert. And with prices down up to 50% across the board, and even higher for 'top end' property, this very special property continues to outperform the market with its smaller than life price drops.

Shall, we do the Ironic Quote of All Time? Oh yes, let's:

http://quotesfromthebubble.blogspot.com ... enter.html



The irony is so dense, space-time has actually collapsed around that quote.

P.

http://www.myhome.ie/288433

Now €1m

It's still "worth" the original asking price, you know..........

It looks like something I would expect an IKEA team could design in a couple of hours.....

Still a lot more to come down by.

Maybe worth 300k.

Maybe.

Quite nice but its a mews. And that means it up a lane way at the back of some other much nicer house.
Sorry honey. You missed the boat. You missed the market for selling a mews.
Around Euro 320,000 for die hards....

Nail, Head.

Not realistic. From an investment perspective, you can rent a 3 bedroom mews in this neighbourhood for 2,400 euros per month.

So if you are looking for a 5% yield on you money (to beat long term deposit interest rates of 2.5%), you should be paying 530k euros. ((2400 x 11 months) x 5%)

Of course, if you are spoilt for choice and "demand" a 10% yield on your money (to account for opportunity costs of locking funds into illiquid real estate and risk of further price drops), then yes a price of 264k euros is where you should be at.

However, in this neighbourhood and for a unique "trophy" mews, people do and will continue to pay a premium for ownership far above the yield value. If they can get a mortgage. Which they can't.