Pairc na gCrann scheme price slashes part of trend

UNLESS properties are in a bullet-proof setting, price slashing is the only way to get rid of built and unsold stock.

Case in point is the bite-the- bullet reduction on remaining stock in the north Cork scheme, Pairc na gCrann, Glanworth, where remaining, finished four/five bed detached houses are being cleared for sale at €250,000. That for a detached, with 1,642 sq ft of space, with fitted kitchens, high energy ratings, four finished bedrooms and easy scope for a fifth.

“I’ve told the developers they had to create a whole new market to sell out the rest of the scheme, and I think we’re doing that by these prices,” says auctioneer Darragh Taaffe, of Keane Mahony Smith.