Multi-million-euro homes taking 18 months to sell and fetching up to €600,000 less than asking price

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Estate agents say buyers in this bracket have the time and the money to weigh up options

St Catherine’s, 87 Ailesbury Road, Dublin 4, sold for €400,000 below asking

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.

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.



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