Daft Property - Irish Property News

The next Allsop Space Auction will take place on 1st March 2012... Venue: The Shelbourne Hotel Dublin 2 Online Catalogue: Lot     Type     Location     Reserve Price will not exceed this figure 1    Investment Flat    Dublin 1    €135,000 2    Investment Flat    Dublin 8    €120,000 3    Investment Leasehold House    Galway City    €75,000 4    Investment Flat    Dublin 8    €90,000 5    Vacant Freehold House    Drogheda    €100,000 6    Vacant Freehold House    Enniscrone    €55,000 7    Vacant Freehold House    Dingle    €50,000 8    Investment Flat    Dublin 1    €175,000 9 ...

New mass sale in autumn... More property auctions are on the cards as owners seek fast sales in an uncertain market. KNIGHT FRANK is the latest estate agency firm to enter the mass auction market with plans to to hold a sale of 30 to 40 homes on a single day in the autumn. The company, which specialises in prime Dublin and country property, is currently scouting for suitable homes to include in an auction scheduled for October. The two auctions held by the Allsop/Space partnership, in April and earlier this month, have shown that there is a market for distressed properties at knockdown prices. Allsop/Space plans to hold a third auction in September with over 100 properties, the vast majority of which are being sold by receivers and banks. Savills is also planning to hold a distressed property sale in the autumn and is believed to be in negotiations with banks to sell their distresed stock. However, Knight Frank sees an opportunity in selling homes for owners rather than for ban...

From €25,000 to €1.45m: another distressed auction... AUCTIONS: There’s interest from around the world in next’s week’s big sale DUBLIN’S Shelbourne Hotel is expected to be packed again next Thursday for the second auction of distressed properties to be offered to the highest bidders by auctioneers Allsop/Space. Most of the 87 residential and commercial properties are being sold by financial institutions and receivers. They include 59 houses and apartments, mainly in Dublin, Cork and Waterford, but also in counties ranging from Laois to Donegal. Apartments already rented have been of particular interest to many people who have checked out the online sales catalogue prepared by the Allsop/Space partnership. The site has already had more than 60,000 hits, a figure that is expected to grow to over 100,000 by next Thursday. Just over 14 per cent of the enquiries have come from Ireland but there has been almost an equal level of hits from interested parties in the UK, USA, France, A...

Distressed property auction by Savills... AROUND 100 distressed investment properties, mainly in the greater Dublin area, are to be auctioned on a single day in September. The move by Savills Ireland to kick-start both the residential and commercial investment markets is expected to generate sales of over €20 million. Ronan O’Driscoll, of Savills Ireland, said most buyers at the September 29th auction were likely to be cash-rich investors happy to put their money into property now that values had fallen sharply. In the past, investors banked on capital appreciation but it was now all about rental return and in many cases buyers could expect yields of 9 to 10 per cent compared to 3.5 per cent on bank deposits. The announcement that Savills will be staging Ireland’s “biggest ever property auction” comes after last month’s successful auction of distressed properties in Dublin by British auctioneer Allsops and its Irish affiliate Space. They sold 80 of the 81 lots in a packed Shelb...