Legal row over €2.3m contract for house secured on €25,000 deposit

A €2.3 million contract for the sale of a house at Dublin’s Morehampton Road, now at the centre of a legal dispute, had been secured on a deposit of €25,000, a High Court judge observed yesterday.

However, Justice Peter Kelly remarked, the contrast between that contract price and deposit was not as “dramatic” as that in an earlier case where a €19m contract was secured on a deposit of €100. He made the comments when transferring to the Commercial Court yet another action aimed at having a party honour a development contract.

The number of such “specific performance” claims has been mounting in the Commercial Court for some time and the judge dealt with several more yesterday.