Friday 28 July 2017

Dealmaker Day selling home

HARRY LEECH

IT'S the end of an era for Ireland's patrician property auctioneer Tom Day. He has put the luxury Killiney home where he has lived for almost 30 years on the market.

Marino Lodge is expected to sell for €1.25m, despite the depressed housing market -- but the asking price is in the ha'penny place compared to some of the properties its owner has sold over the years.

If you wanted to sell a high-end property during the boom years, Mr Day was the only man for the job. He accounted for over half of the top-priced properties sold in Ireland for over a decade.

Among his sales were Sorrento House in Dalkey, which went for a then record of IR£5.9m in 1998, and Glenlion House in Howth, formerly owned by disgraced solicitor Thomas Lynn. It was sold on behalf of the receiver for €4.5m in 2008.

Mr Day has retired and is understood to be downsizing.

According to auctioneer Charles Broadhead of Lisney, there has been "good interest" in the five-bed property, which has been priced to sell.

According to a CSO report this week, the Irish property market has fallen by 40 per cent since its peak in 2007.

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