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 Post subject: Re: Current Public Sentiment towards the Housing Market
PostPosted: Wed Jan 13, 2016 2:58 pm 
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Too Big to Fail

Joined: Sep 13, 2012
Posts: 4229
"A back-of-the-envelope calculation, based on the size of the development (31,000sq m) and the prices being sought for comparable houses, indicates Gannon will realise about €55 million in sales at current prices. Construction costs will be somewhere in the region of €35 million based on published industry rates"

1129/sqm can't be right. Sure, it costs 300k to build an apartment. :D

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 Post subject: Re: Current Public Sentiment towards the Housing Market
PostPosted: Wed Jan 13, 2016 4:37 pm 
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Planning Tribunal Attendee

Joined: Apr 3, 2015
Posts: 1106
Eschatologist wrote:
"A back-of-the-envelope calculation, based on the size of the development (31,000sq m) and the prices being sought for comparable houses, indicates Gannon will realise about €55 million in sales at current prices. Construction costs will be somewhere in the region of €35 million based on published industry rates"

1129/sqm can't be right. Sure, it costs 300k to build an apartment. :D


Yeah, that seems a bit high alright. I find it very odd that Gannon or other developers would not have already been forced to write-down the value of the land in their accounts. Unless of course he bought it in his personal name. :?


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 Post subject: Re: Current Public Sentiment towards the Housing Market
PostPosted: Fri Apr 29, 2016 7:53 am 
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Property Magnate

Joined: Nov 8, 2006
Posts: 510
Just noticed that since that SF seems to have posted about 20 ads on myhome for South Dublin homes overnight (from 2am onwards). Are these just old properties being posted as "new" or genuinely new ads? Seems like a bit of a desperate move on their part.


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