10-foot-wide shed sells for $269,100.....

[STING2]

........IN DUBLIN


Startling price for tiny structure highlights Ireland's real estate boom


Updated: 9:12 a.m. ET Sept. 19, 2005

DUBLIN, Ireland - A former tool shed built to fill a gap in the middle of a row of Victorian houses in what was once Dublin’s poorest district has found a buyer at a startling price of $269,100 (220,000 euros).

At 10 feet wide and with a floor space of 280 square feet the building was last sold for 500 Irish pounds ($777) in the 1970s.

The red-brick house has no garden and no ground floor windows.

The realtor selling the property said on Monday a sale had been agreed but declined to comment further.

The price tag raised eyebrows even in Ireland where the cost of homes has tripled between 1997 and 2004.


http://msnbc.msn.com/id/9398215/

 

[financeguy]

Yeah it's madness right enough. I thought the property boom in Dublin was finally tailing off but seemingly not!

 

[MrsSpringsteen]

that's insane

Every time I went to Ireland (all in the 90's) the economy was still doing poorly. I am thrilled that it's doing well now, I just hope it doesn't change the charm of that place forever.