Developer battling repossession tells of ‘nightmare’

A DEVELOPER fighting the repossession of his €1 million penthouse apartment in Dublin has said that investors are in a “nightmare” and there is no point in purchasing property in Ireland.

Investor Dean McEvoy, who owns 25 properties in the capital as well as other properties abroad, said the “nightmare” of the property market collapse was set to last at least another decade.

The 39-year-old was given more time by the High Court yesterday to challenge the repossession of his Citywest luxury apartment, where he said he had been staying until recently after separating from his wife.