Buying an affordable house in the current market

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mancino

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I have been offered an apartment in RCP and some of my friends suggests to hold and not to buy at this time. The clawback is 17% and there is the possibility that the market price would fall close to this value in the next couple of years. If this happens it is probably better to wait and buy on the open market and enjoy a broader selection of properties.

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I think the best option would be if the DCC would offer the option of delaying the buy for one or two years. Or if the DCC would restore the clawback to the original levels of 26% of the market price.

How likely would be for the DCC to consider these alternatives?
 
Mancino, I hear you, been offerred rcp too. Dont know what to do. Its a very confusing time regarding property prices. i think the most dcc will do is reduce yr clawback if an independant valuer shows it to be valued above current market price.
Which honestly, I think RCP is. The estate agent quoted me from 355 for a 2 bed, the same price as The crescent, an adjacent but nicer development. (nearer train & park, lower rise, Larger apartments with more spacious balconies). Hate to be negative but its aparent at a glance. Dcc should get real with the price, its not right what they r doing.
 
Yes, I visited the crescent and these are very good alternatives. I should take a look a what is on the market before I make my mind the AH. Do you know of other developments in mind with similar features?
 
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