Builders to slash house prices by €70k

One of Galway City’s best known builders is set to slash house prices — by up to €70,000 in one estate on the east side of the city — in a unique weekend sale in an effort to offload unsold stock.O’Malley Construction’s 'Discount Weekend’ will also see mortgage and tax experts on hand to deal with queries from potential buyers on a host of issues, as well as O’Donnellan & Joyce Auctioneers to deal with queries on trading up or down and the housing market in general.Discounts on apartments and houses will start at €25,000, while a buyer can purchase a four-bed detached in Boireann Bheag in Roscam with €70,000 knocked off the price tag.According to the company, the price-cut weekend is being held in an effort to boost confidence in the property market. “People expect prices to be cut at the moment. We will be reverting to prices at 2003 levels. We have seen a huge amount of people when we ..................