Daft Property - Irish Property News

Massive €1m slump in value of D6 houses should attract canny buyers There is strong anecdotal evidence that the decline is worse than official figures suggest... IN May 2008, blue-chip auctioneering firm Douglas Newman Good confidently sought offers in excess of €1.55m for a "well-proportioned, mid-terrace Victorian home" on Waverly Terrace at the end of Kenilworth Square North on Dublin's southside. Later this month two properties on the same leafy Rathgar street, both currently split into flats, will go under the hammer in a distressed properties sale. One of the houses will have a reserve which will not exceed €240,000, while a neighbouring house has had its maximum reserve set at €380,000. It's a price drop of €1m in a little more than three years on properties that boast a revenue stream which should, on the face of it, attract canny investors who have cash. Rathgar remains a sought-after locale for young professionals who want to rent not far from th

Auction Date: 7th July 2011 Auction Venue: The Shelbourne Hotel, Dublin 2   Another Allsop Space Auction of distressed properties coming up next Thursday. Here's the list of whats on offer... Lots: 1-87 Lot Type Location Reserve Price will not exceed this figure 1 Vacant Flat Dublin 1 €142,000 2 Investment Flat Blackrock €202,000 3 Investment Freehold Building Clondalkin €120,000 4 Investment Freehold House Stepaside €102,500 5 Investment Flat Dublin 7 €175,000 6 Vacant Freehold House Castlebar €42,000 7 Vacant Leasehold House Dublin 3 €62,000 8 Investment Flat Dublin 1 €142,000 9 Investment Freehold Building Bray €150,000 10 Vacant Freehold House Stillorgan €275,000 11 Vacant Freehold House Tyrrelstown €97,500 12 Land/Site Blackrock €30,000 13 Vacant Freehold House Thomastown €60,000 14 Investment Freehold House Kilkenny City €410,000 15 Investment Flat Blackrock €222,000 16 Investment Fl

At last! A plan to kick-start property... Nama's €1bn 'financial muscle' to get sales moving and help balance books. Frank Daly, the chairman of Nama, which has €1bn at its disposal, has said that the State agency intends to use its "financial muscle" to "kickstart the property market". Yesterday, Mr Daly told the Sunday Independent that the provision of "limited financial support" for the purchase of property was a "natural next step" for Nama. He said: "What we're aiming to do is build market confidence at sustainable levels -- to use Nama's financial muscle to kickstart the property market in a way that will benefit the project itself and provide people with an opportunity to own their own home." The disclosure that Nama has up to €1bn to directly intervene in the moribund market comes after an auction of property in Dublin on Friday which has generated a huge level of excitement. A total of €15m was s