Buyer’s blind faith in €1.6m dream home

IT’S tough at the top end of the market – but not impossible.

A signed, sealed and completed sale for around €1.6 million has just been made on Orchard House, a plum home in Cork city’s suburban Maryborough Orchard, a built-out scheme of serviced sites for substantial homes next to Maryborough House Hotel.

And the buyer hasn’t even seen it yet: it was bought in trust, on behalf of an overseas buyer who is moving to Cork for work. The sale (20 months after first going on the market) was slow in maturing, and a number of deals or ‘sale agreeds’ had stumbled. It last collapsed just several weeks ago, when a couple, relocating to Cork and with international business commitments, pulled unexpectedly pulled out.