Check out this website and snap up a bargain!

Since it came to market €10 million has been wiped-off the price-tag of a Sorrento Terrace home (last house on right in our shot). Follow this link if you resisted the temptation to jump in at the deep-end over the past 18 mths - it's a web-site that tracks properties that have had their prices slashed repeatedly.

It's going to take more than rescue-remedy to calm those who, despite all the warning signals, swallowed the ‘but the Irish economy is different’ spin and hoped to make a quick killing.

As BILL CLINTON taught, economic success is about consumer-confidence and 'bending' perception ...our boom is an example of great PR work (aimed with a few catch-phrases like Celtic Tiger & soft-landing!) which encouraged over-spending on a mass-scale.

Now that things have slowed, and our 'property Lazarus' needs the defibrillator, expect more Government catch-phrases like ‘our economy needs more positive thinking' ...or 'spend, spend, spend'.

The vested interest (the Government cleaned-up with stamp duty) would like to return us to the 'happy-days' when home-ownership fantasies involved cutting the parents' brake-lines.
irishpropertywatch.com