Category Archives: House Sales

State lost €31m by overpaying in five property deals

More than €31 million of taxpayers’ money was overpaid by the Office of Public Works (OPW) in five property deals over a four-year period, an internal report has found.

Completed last year by two surveyors working for the OPW, the report has since been sent by OPW management to the Comptroller and Auditor General and has recently been sent to the Oireachtas Public Accounts Committee (PAC).

The unpublished report, seen by The Irish Times, concluded the Civil Service culture in the OPW was resulting in “poor value for money outcomes”. It claimed there was “considerable potential for corruption to arise in property transactions” conducted by the OPW, because waste of funds “is tolerated within the system”.

The five transactions examined by the surveyors, one of whom has...

Read more

Sold out for second auction

There’s a whole range of affordable Limerick, Cork, and Kerry homes coming up for sale in two weeks time, via the I Am Sold/Munster Property Auction method. The sales method, given a first Munster outing in May, resulted in 16 of 20 lots selling at, or prior to, auction, with a number exceeding their quoted reserve prices. About 150 attended the May auction, and one property alone had 20 registered bidders — so interest is high in this second outing in the Rochestown Park Hotel. Lots include the three-bed, c1,000 sq ft mid-terraced house at 11 St Philomena’s Rd, Gurranabraher, Cork City, seeking bids at or over €62,000 via Property Partners’ Matt Fallon, who says it needs upgrading. The same agent also has an end-terrace two-bed house...
Read more

Eight in 10 homes out of reach of families in UK

Fewer than two in every 10 homes for sale in England are affordable for working families on average wages. And in some areas, would-be buyers are priced out completely, even if they can raise a sizeable deposit, according to figures from Shelter that underline the extent of the housing crisis. Rocketing house prices in some regions, combined with stagnant wage growth, have combined to push homes out of the reach of buyers, so much so that in more than half the country fewer than one in 10 of the suitable homes on the market was affordable to families who could put a typical 18% deposit towards their purchase. "When a family looking to buy their first home searches a whole town for a place to live...
Read more

Enormous Georgian mansion could be yours for just £1

Offers are being taken for Old Whitehall House for over just £1 It may look like a bit of a wreck - but this listed Georgian mansion could be yours for just £1. Old Whitehall House is located in a stunning rural setting near the border town of Berwick in Northumberland. And its owners have put it for sale with offers over just £1 invited. However, as you might expect, there is a slight catch. The buyer must have £1.2m available to refurbish the property, which as these pictures show, is going to be quite some job. The derelict mansion is on the Buildings at Risk register, the Newcastle Chronicle reported. And with your £1.2m, you’ll be expected to get it off that register. The website of estate agent Right Move,...
Read more

Mortgage approvals down to lowest level in six months

Mortgage approvals fell harder than expected for the second consecutive month in March suggesting the introduction of stricter lending rules could be hampering the market. Data from the Bank of England shows mortgage approvals for house purchases numbered 67,135 last month, the lowest since September 2013 and down from 69,592 in February. Mortgage approvals hit 76,251 in January, a level not seen since before the financial crisis. Today's figures mean a 12 per cent lending slump in just two months.

But despite the slip in March, numbers are still far higher than seen in recent years. The lending statistics show in July 2012, nearly 20,000 fewer mortgages were...

Read more

Million-Dollar Home Sales Thrive as Low End Stumbles

Million-dollar homes in the U.S. are selling at double their historical average while middle-class property demand stumbles, showing that the housing recovery is mirroring America’s wealth divide. Purchases costing $1 million or more rose 7.8 percent in March from a year earlier, according to data released last week by the National Association of Realtors. Transactions for $250,000 or less, which represent almost two-thirds of the market, plunged 12 percent in the period as house hunters found few available homes in that price range. Luxury-home sales are climbing as an improving economy and stocks that have almost tripled from 2009 lows bolster confidence among affluent buyers. At the same time, slow wage growth, tight credit standards and escalating prices are putting homeownership out of reach for many...
Read more

Most expensive house in Romania, up for sale for € 7.5M

The most expensive houses in Romania are located in Bucharest, namely a 38-room palace which is up for sale for EUR 7.5 million, and a villa in Romana Square, on sale for EUR 7 million, according to a statement of imobiliare.ro, cited by local Mediafax. The palace is located in Bucharest’s Old Town, has a usable area of 2,000 sqm, 38 rooms on a plot of some 1,200 sqm. The construction was consolidated and fully renovated in 1994 and hosted a bank headquarters. The second most expensive building is also located in downtown Bucharest, in Romana Square. It was completed in 1935 and is made of four buildings totalling some 2,000 sqm. It has 18 rooms and has a plot of some 2,560 sqm. A 25-room villa...
Read more

Sting making millions on property sales

The Police star recently sold a house in Green Park for £7.5 million, and now he has put his nine-bedroom mansion over looking St James's Park on the market for more than £20 million, according to The Sun newspaper. The publication reports Sting and his wife Trudie Styler bought the expansive property for around £5.7 million in 2003, so he is set to make around £15 million profit. The couple is now mainly based in New York. Full story about Sting making millions on property sales via Sting making millions on property sales | Showbiz | News | Daily Express....
Read more

5 Reasons Your Home’s Staging May Be Stalling Your Home Sale

Nowhere in life is the old adage that beauty is in the eye of the beholder truer than in real estate. One woman’s dream home might be a mid-century modern, Mad Men styled contemporary, while another’s includes all the gingerbread charm of a classic Victorian. But when it comes to prepping a home to be viewed and (fingers crossed!) sold, there is both art and science to staging a home before its listed to maximize its appeal to the broadest number of target buyers. The only thing worse than not staging your home for sale at all is to spend your time and money doing the work only to have buyers react badly to it. Here are a few common scenarios in which sellers think their staging is awesome and buyers,...
Read more

Expensive Mistakes House Sellers Are Making

Many house sellers, particularly those in the less desired northern areas, have their home on the open property market for more than six months – and finally end up selling for less than 80% of their original asking price,” reports Richard Mews, senior relationship manager of sell my house fast company, Property Result. For this reason, his company has released a special free report detailing how house sellers can sell their homes within just 28 days, and made it available for free download on the company website. In this free guide, UK house sellers who need a fast house sale will learn how to spot genuine fast house buyers with ready cash who will make them an immediate offer, from the many companies recently springing up in the UK that claim to...
Read more