Prime Limerick Land venduto per € 6 milioni, riacquistato per € 450k e ora va in vendita concordato a € 4 milioni – Limerick Live
https://www.limerickleader.ie/news/farming/1891827/prime-limerick-land-sold-for-6m-bought-back-for-450k-and-now-goes-sale-agreed-at-4m.html
di WT_Wiliams
8 commenti
Hmm, small group of councillors buying this and no real plan for its use, just aspirations. Priced as premium land but they’re considering building affordable housing. Could not make this shit up.
ngl whoever bought it the second time got a pretty tidy profit
Well that’s tremendous for the landowners, printing money, but who purchased the land the first time. Its intended use is mentioned but not the buyer.
Corruption and government contracts go hand in hand
Nice profit
70 acres for 4mil and 44acres for 6 mil. much better deal this time but damn the speculation on land is crazy
Family relinquishes property after defaulting on hefty bank loan > bank/NAMA/Another financial institution places property for auction > *miraculously another member of same family snaps up land at fraction of value > wait x years……profit.
*Bonus points for family to be involved in local and/or national politics and the jump in resale value to be related to a zoning change by local council.
**Extra bonus points if the public are picking up the tab for the original default through a CT bailout.
Someone needs to answer questions on this.