Tranquility awaits in Drumraney

MULLINGAR ADVERTISER, March 05, 2010

Where? Cloughbreen Cottage, Drumraney, Co Westmeath

How much? €120,000

Property for sale in attractive location

MULLINGAR ADVERTISER, March 05, 2010

Where? Williamstown, Ballykeeran, Athlone, Co Westmeath

How? much? Price on application

Dermot O’Meara asks if the bottom of the property market is in sight

MULLINGAR ADVERTISER, February 26, 2010

It is often said that commenting on the property market is an inexact science. This has been especially true in the last decade in Ireland with all the commentators in the boom times saying that double digit growth in the value of property was going to go on for a long time as the economy was solid and the banks were strong and solvent. George Lee was always pessimistic, for up to 10 years in fact, preaching caution and finding fault with the economic policies of the various governments and booming property prices but eventually he was right, as much as a stopped clock will be right twice a day. He was bound to be right some day and history has proved him to be so in this instance.

Then according to the various pundits we were going to have a soft landing which went on until the international banking crises exposed Ireland’s major fault lines and sent property values into a steep spiral of decline, knocking up to 50 per cent off the values of residential property values nationally to date, from its peak in mid-2006.

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