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sounds about right in the current climate
you could buy a house in dublin for 15k in 1995 before the so called celtic tiger and credit explosion, and thats what we need to get back too so that ordinary people can afford to live and work in their own areas beside their extended families.
But John it is not a realistic price. There is no way you can build a house for 40k. Prices got far too out of hand during boom but materials let alone labour cost money.