The incoming president of the Irish Auctioneers’ and Valuers’ Institute (IAVI) told members at its agm on Monday that Ireland’s housing market has undergone a correction that will prove to be”a short-term blip.”
Edward Carey told members that this 10 per cent correction has brought prices back to end of 2005 levels and said “allegations of [...]
Dermody Auctioneers in Tuam, Co Galway, is handling the sale of a three-bedroom cottage on 10 acres at Annagh Kilbannon, two-and-a-half miles from Tuam and within easy commuting distance of Galway city. The property offers lot of potential for someone with equestrian interests.
Included in the sale are a number of outhouses and stables.
Further [...]
The Irish Home Builders’ Association has welcome the Budget move to reform stamp duty. The IHBA’s Director Hubert Fitzpatrick said that the stamp duty measures will result in a saving of €10,750 on a house priced at €400,000.
‘Reform of stamp duty should, given the very good value currently in the market, help improve confidence [...]
An “unrealistic” offer of €1.2m was disappointingly the only offer made on a 115ac Co Kildare farm.
Kehoe Auctioneers in Carlow were forced to withdraw the 115ac holding at Castledermot, Co Kildare, from auction on Thursday.
They had been quoting a guide price of €2m.
“We’re still looking for €2m but we did not get where we needed [...]
The roadside holding at Rathmale, Mungret, Co Limerick was sold at auction for €530,000 or €53,000/ac.
Five interested parties bid against each other pushing the price to this record level.
The sale was handled by joint selling agents GVM Auctioneers, Limerick, and DeCourcy Auctioneers.
The auction was conducted by Tom Crosse of GVM.
Bidding opened at €300,000 and, 20 [...]
The head of the Auctioneers Institute has blamed the slowdown in the property market on Irish Finance Minister Brian Cowen.
Robert Ganly, President of the Irish Auctioneers and Valuers Institute, said the current stamp duty regime was overcomplicated, and that it and uncertainty over future plans was discouraging mobility within the market.
In his annual address to [...]
A house in one of the city’s most desirable addresses sold for a record €2.15million when it went under the hammer on Friday, prompting a city auctioneer to claim that Galway is bucking the national trend of a slump in the market.
Last year, a similar property on the same road sold for €1.5m at auction.
Bidding [...]
