property looser

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red17

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am i the only property looser in ireland,i invested money bought a bigger shop five years ago the lease is now worth less than i bought it for ?
 
Supply and demand I’m afraid. A lot more retail space has being built and a fully repairing and insuring leasehold interest for a short term (5 to 25 years) is a deprecating asset.
 
A guy I know bought a new Apartment in Coolock 3 years ago and recently sold it for 10,000 less than he bought it for. There were serious problems with local authority tenants, burnt-out cars etc and there were pretty much no owner occupiers left in the place. He sold it quickly as he was buying a new place and might have got more if he held on but he was just glad to get rid of it in the end.
 
22 people bought apartments in on Rossory Quay, Enniskillen about 5 years ago. The apartments since have had to be demolished due to subsidence.

Full story here: [broken link removed]

Funny how this tale was never mentioned in any of our property-obsessed media??? ;)
 
Apartments in Carrick-on-Shannon have not appreciated either. I know of a new 1 bedroom there was 140,000 4 to 5 years ago, it is the same price in the same development today. Too many new apartments have been built since.
 
I was taking a stroll around the streets off Grafton Street last week and I was amazed at the number of shops coming on to the market. Having tried unsuccessfully to find let alone purchase a small unit in the 40/60 sq. metre size a few years ago it seems I could be spoiled for choice if the present trend continues.
 
Re: property loser

WaterWater said:
I was amazed at the number of shops coming on to the market.
Click to expand...
and office space in the city centre..........Does it make sense for the owners to either leave them empty rather than divide the property into more small offices, or to lower the rent? Having looked at loads, they don't seem to want ot do either. And they are still empty a year later.
 
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