Lower price puts Killumney home in range for buyers

DROPPED in price by just short of €100,000, this detached house at 37 Fernwalk at Killumney, Co Cork, is a victim of the credit crunch.

An upper level, trading-up property, it’s one of many that have lingered on the stumps as the market contracts.

And while there is movement in the lower end of the market, higher-priced houses have been a hard sell, as those with the money become cautious and those willing to take a punt have found that the funding isn’t there — no matter how good their credit history.