"Multi-million-euro homes are taking longer to sell, with many going for below the asking price, estate agents have said. An analysis by the Sunday Independent shows a tranche of properties in some of the most exclusive areas of Dublin are taking as long as 18 months to sell and some are going for as much as €600,000 less than the asking price."
"Estate agents say buyers in this bracket have the time and the money to weigh up options. It's a far cry from the frantic bidding wars seen by first-time buyers, with many properties in Dublin selling for as much as €200,000 above the asking price."
Multi-million-euro homes in Dublin are taking significantly longer to sell, with some properties in elite neighbourhoods remaining on the market for up to 18 months. Many of these homes are selling below their asking prices, in some cases by as much as €600,000. The slowdown contrasts sharply with the competitive market for first-time buyers, where properties can fetch up to €200,000 above asking due to frantic bidding. Estate agents report that high-end buyers often have both the time and financial flexibility to weigh options, reducing urgency and contributing to larger discounts.
Read at Independent
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