Agent's 'close to' is €2.5m off

WITH THE SLOWDOWN in the sites market, Lisney seem a little confused about prices.

WITH THE SLOWDOWN in the sites market, Lisney seem a little confused about prices.

At the end of January the agency reported that it had secured close to the asking price of €7 million for a redevelopment site at Dublin Road in Shankill. Now, alas, they have admitted that the property, Cremorne, only made around €4.5 million.

At that price it might be considered good value, as the agent had suggested that it could accommodate up to 30 houses, provided that the planners agree.