Got this email from myhome this morning if anyone is interested up in the midlands
Apartments at Tailteann Court in Mullingar which is less than an hour outside Dublin city centre, go on sale this weekend for as little as 69,950.
The 63 apartments which were originally put on the market for 202,000 failed to sell a single unit and are now being sold for less than two thirds of their original asking price.
Director of the Irish Mortgage Corporation Frank Conway, who is assisting with the sale this weekend said that the monthly repayments for one of these apartments would be cheaper than a car loan and also the equivalent monthly cost total of a 20 a day cigarette habit. "If a person were to take out a mortgage of 75,900, their net payments would be only 264.85 per month. If we compare this to a car finance payment, let's say they borrow 15,000, interest rate 10%, four-year loan, the repayments would be 380.44. Not only that but if you buy a pack of 20 cigarettes per day for one month this would cost 263.50. For just over 1 more, you could own a two-bed property