Today in the press RTE.ie
PRICE IS RIGHT AS 1,000 JOIN THE QUEUE TO BUY 46 APARTMENTS - At least one part of the country is bucking the property slump. An auctioneer is celebrating this morning after selling 46 apartments over the weekend, despite initially advertising just 28 units for sale, says the Irish Independent. The apartment block at Irishtown in Mullingar, Co Westmeath, hit the headlines last week when it was revealed the apartments could be purchased for as little as €70,000. And the result was almost 1,000 bargain hunters queueing up to view the apartments at Tailteann Court yesterday and on Saturday. "It just goes to show you, if the thing is priced right it will sell," auctioneer Aidan Davitt said yesterday. As well as the one-bed units, there were two-bed apartments on sale at €82,450 and three-bed units at €98,000. All are exempt from stamp duty, which applies to properties priced at over €127,000. The mortgage repayments on two-bed apartments are €264.85 per month, or less then the average repayment on a €15,000 car loan, Irish Mortgage Corporation boss Frank Conway revealed.
