After listening to the Marian Finucane radio show this morning I am inclined to think that the banks will start the repossession of the "Buy To Let houses" very soon.
This will lead to a glut of houses for sale on the Irish market and will result in a drop in house values of around 25%.
Now this should be considered when making a house value declaration i.e whatever is todays value of your property will very soon be valued by at least 25% less. (Just a word of caution) Anyone considering selling their property should be aware that there is a €500 fine for under declaring.
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