Hi, is it too cheap? maybe not!!!!
If its one of the really small ones its reselling at €180,000 which is probably about the level that some of the cheapest ones were offered for in the beginning. I suspect its typical seller speak to talk of it being €100k less than developers price - we all know that the developers price is worthless and speculative until you find a buyer. I suspect its probably someone who for whatever personal reasons is looking to get out with no loss - I might look to buy it myself as I think its a good deal!!!!
Dis-heartening of course for those who thought they could buy off plan and sell for €100k profit pre completion. Maybe its a hard fact that there has been no growth in the time since we bought, but also no loss either possibly. I would not worry about it if you are not looking to sell and make a profit right now. The market will pick up later, with all downturns comes a subsequent high.