Bottoms up as floorless house price doubles

Irish house prices went through the roof in the boom, and through the floor in the collapse. Now, they’ve shot back out of the basement. Literally.

Bottoms up as floorless house price doubles

Sold at auction yesterday, for almost double its €200,000 reserve at €382,000, was ‘the house with a hole in it’, a period, terraced, Monkstown, Co Cork, home with missing floors, leaving one big booby trap — or money trap — for the unwary.

The sheer drop from living room door to basement rooms below did not, however, dissuade buyers planning moves on the property ladder, and seven or eight all-cash bidders went after this home in need of a dig-out.

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