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Thu 09 Sep 2008Surge in overseas sales led to special 'Irish price'
Cheap flights, cheap mortgages and sizeable equity at home were key factors that led Irish people to buy second homes abroad
THE 30-YEAR-OLD first-time buyer from Dublin wanted to buy a property at home - but couldn't afford to. Still, he wanted to get on the property ladder, so he borrowed as much as he could with help from his parents and set off for Budapest, where he invested in an €85,000 apartment. With the rest of the loan, he snapped up a townhouse in Florida.
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