At a creditors meeting yesterday, around 100 prospective property buyers of apartments in Milners Square Santry and in Carrickmines Green, Carrickmines were told that they would get back only 1% of their deposit.
With the collapse of the Laragan property development company potential homebuyers of these apartments are now facing a refund of 99% less than that of what they had paid. … Deposits of €15,000 and €20,000 were given just over 2 years ago which means (unlucky for some) that their deposits are not protected by the Homebond Insurance Scheme as the scheme secures deposits for only 24 months.
With the Laragan property development company now in examinership, depositors will receive a €150 or €200 rebate for their troubles – a far cry from what they handed over 2 years ago.
Most if not all who attend the meeting yesterday were fairly angered by the outcome – and rightly so!