Daft Property - Irish Property News

House prices still falling - Dublin tops the list... House prices in Dublin are nearly 47pc off their peak in early 2007 compared with 39pc in the rest of the country, according to the Central Statistics Office. In the year to June, residential property prices at a national level fell by 12.9pc. This compares with an drop of 12.2% in May and a decrease of 12.4pc recorded in the twelve months to June 2010. In Dublin, residential property prices decreased by 2.4pc in June and were 12.6pc down compared with a year ago. House prices in the capital fell by 2.4pc last month and were 11.9pc lower on an annual basis. But economists believe that while the jobs market remains weak, within five years house prices should improve but very slowly. “The bottom line is that the property market remains very ‘soft’ at the moment,” said Alan McQuaid, chief economist at Bloxham Stockbrokers. “ But looking further ahead, we think house prices should increase on a five-year view as the labou

Auction Results for the 87 Lots sorted by Lot Number Lots: 1-87 1 Vacant Flat Dublin 1 Sold €148,000 2 Investment Flat Blackrock Sold €270,000 3 Investment Freehold Building Clondalkin Sold €139,000 4 Investment Freehold House Stepaside Sold €146,000 5 Investment Flat Dublin 7 Sold €177,000 6 Vacant Freehold House Castlebar Sold €87,000 7 Vacant Leasehold House Dublin 3 Sold €67,000 8 Investment Flat Dublin 1 Sold €145,000 9 Investment Freehold Building Bray Sold €220,000 10 Vacant Freehold House Stillorgan Sold €280,000 11 Vacant Freehold House Tyrrelstown Sold €129,000 12 Land/Site Blackrock Sold €66,000 13 Vacant Freehold House Thomastown Sold €50,000 14 Investment Freehold House Kilkenny City Sold €440,000 15 Investment Flat Blackrock Sold €285,000 16 Investment Flat Dublin 9 Sold €55,000 17 Investment Freehold Building Drogheda Available €290,000 18 Vacant Flat Arklow Sold €71,000 19 Vacant Flat Dublin 1 Sold €132,000 20 Vacant Freehold House Dublin 4 Sold

TODAY’S Allsop/Space auction in Dublin’s Shelbourne hotel will be an interesting test of the longevity of the mass auction and whether it’s here to stay or a mere passing fad. Savills Ireland is getting in on the act in September with the promise of around 100 investment properties. with low reserves and prime locations in Dublin. Not wanting to be left out, auction specialist Merlin Group – better known for its car auctions – announced its move into residential property earlier this week. It is getting properties from banks and says it already has 40 for its first big auction in the Burlington Hotel in Dublin in early autumn. Allsop/Space might find it hard today to match the drama and impact of their – and the country’s – first – discounted auction back in April, which saw €14.8 million worth of deals struck in just six hours on vastly discounted properties in prime locations. This time around it has 87 distressed properties around the country with reserves as low as €40,000 on