Daft Property - Irish Property News

The bargain hunters were out in force today in Dublin! It was a busy day at the Shelbourne Hotel where many cut-price homes and properties were sold. Here are the Allsop Auction results: Lot Type Location Reserve Price will not exceed this figure 1 Vacant Flat Temple Bar Sold €126,000 2 Investment Flat Dublin 1 Sold €129,000 3 Investment Flat Dublin 8 Sold €102,000 4 Investment Flat Dublin 8 Sold €159,000 5 Investment Flat Bray Sold €154,000 6 Investment Freehold Building Clifden Sold €141,000 7 Investment Flat Portlaoise Sold €61,000 8 Investment Flat Portlaoise Sold €62,000 9 Investment Freehold Building Roscrea Sold €336,000 10 Vacant Freehold House Dundrum Sold €410,000 11 Vacant Flat Dublin 1 Sold €120,000 12 Vacant Flat Dublin 1 Sold €116,000 13 Investment Flat Dublin 1 Sold €190,000 14 Vacant Flat Dublin 7 Sold €107,000 15 Vacant Freehold House Renmore Sold €332,500 16 Investment Freehold Building Renmore Sold €205,000 17 Investment Flat Dublin 8 Sold €15

Fire-sale auction draws bargain hunters... So many people turned up for an auction of distressed properties in the Shelbourne Hotel today in Dublin that it had to be suspended amid Garda concerns for safety. Some 80 lots, ranging from a Ballsbridge mews to a collection of cut price flats in Portlaoise, are being offered to the highest bidders. The majority of properties are being sold by receivers and include homes in Dublin, Wicklow and Galway as well as small commercial buildings and shops. Such was the interest in the sale that crowds spilled out of the hotel and onto the street. Proceedings had to be suspended for several minutes while non-bidders were asked to leave the main auction room. The venue has seating for 350, with standing room for an additional 500. One lot, an apartment in Portlaoise, was sold to a bidder who was forced to stand on the pavement on St Stephen's Green due to overcrowding. To ease pressure on the hotel, the entire auction is being broadcast

Cut-price homes go under the hammer... Up to 1,000 people are expected to attend today’s auction of distressed properties in the Shelbourne Hotel in Dublin when some 80 lots, ranging from a Ballsbridge mews to a collection of cut price flats in Portlaoise, will be offered to the highest bidders. The majority of properties are being sold by receivers and include homes in Dublin, Wicklow and Galway as well as small commercial buildings and shops. The lowest priced property is a site in Wicklow town with a reserve of €20,000 while the most expensive is the Dublin 4 mews which is estimated at €600,000. The majority of lots are priced between €35,000 and €150,000 and include flats in the Dublin docklands discounted by over 50 per cent and period homes with large gardens in the Dublin suburbs. The sale is expected to set a new floor for Irish house prices which are widely accepted to have dropped by at least 50 per cent from peak. Today’s prices may indicate an even steeper fall, a