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Fixer-upper of an Irish house drops by $300,000 in two years

Kelly Fincham Irish Central
Fixer-upper of an Irish house drops by $300,000 in two years - Ireland - Irish Property - housing crisis - house prices - property market

A single house in Drogheda in County Louth sums up the dizzying boom-to-bust of the Irish property market.

This house, at 39 Hand Street, has been on the market for several years.

It's an older style semi-detached terrace house (with the highly-sought-after Irish thing of a "side entrance.")

The house, which has three bedrooms and one bathroom, needs a lot of modernization.

But still, at the height of the boom it was offered for €350,000 ($508,000). The crazy economics of the time meant that this same fixer-upper house in a major town outside Dublin was being brought to market for the same price as a single-family home in Westchester in New York.

I was so shocked by the selling price that I created a database of houses for sale in Drogheda and every month I check back in to see what they're selling at.


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