Falling Prices

Myhome.ie keep a record of house price changes since a property came on the market. One house in Moville has dropped by an astonishing 65%.

The 4-bedroomed white house is in Gulladoo about a mile along the Malin Road.

It is described in the brochure as “An exclusive four bedroom property with detached garage at the advanced stage of construction. This property will be finished to a very high specification throughout and will enjoy far-reaching views. Located adjacent to the coastal town of Moville.”


The directions are “From Moville Town centre travel on the Malin road for approx 1 mile. The bakery is situated on the left hand side after the Mitsubishi garage and the site is situated on the right hand side of the road identified by our ‘For Sale’ sign.”

It came on the market at €275,000. It has now dropped an astonishing €180,000 to be priced at just €95,000 now.

Another house in Bredaghglen has seen its price drop by 28% since it came on the market from €235,000 to €169,000 – a fall of €66,000.

Both houses are still on the market.

Not selling

Houses are not selling in Moville at any price, it seems, with only 5 sold in the whole of last year.

An article last week showed that Moville properties fell by 27% just last year alone.

When does the punishment stop?

What have Movillians done to deserve this?

It’s even worse in Greencastle with a  30% drop and worse again in Redcastle with a 44% drop last year.

House prices are in freefall here.