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Allsop auction following

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  • 11-12-2014 1:05pm
    #1
    handlemaster
    Registered Users Posts: 6,003 ✭✭✭


    Anyone following the auction today. Prices seem a little cool


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    #2
    gaius c
    Registered Users Posts: 3,528 ✭✭✭gaius c


    The news website owned by the parent company of daft.ie seem very happy with it anyway.
    http://www.thejournal.ie/boom-times-reserve-price-auction-rds-1828861-Dec2014/


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    #3
    jmayo
    Registered Users Posts: 13,129 ✭✭✭✭jmayo


    The scary thing I take from that aritcle is the following ....
    Booming

    This comes in the same week that one international indicator showed Ireland to be the country with the fastest rising property prices in the world.

    The figures from the Knight Frank Global House Price Index showed that prices went up 15% in the first 9 months of 2014.

    We had one of the biggest property bubbles in history, which according to some was never really allowed find it's true bottom after it popped and now we have sharply increasing prices within a few years.

    Then we have another thread around here stating the banks should process 23k repossessions.

    "Rinse and repeat" I believe is the statement often used.


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    #4
    handlemaster
    Registered Users Posts: 6,003 ✭✭✭handlemaster


    http://www.odonnjoyce.com/auction

    prices are strong in galway today.


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    #5
    the_syco
    Registered Users Posts: 37,295 ✭✭✭✭the_syco


    From other threads, people are buying crap because it says "sale" on it. One thread talks about how he was told to walk away by solicitor, engineer, etc, as the house was a bit of a hole. Seems the end price was 150% of what it should have sold at.


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    #6
    gene_slackman
    Banned (with Prison Access) Posts: 103 ✭✭gene_slackman


    handlemaster wrote: »
    Anyone following the auction today. Prices seem a little cool

    residential auction wasnt that crazy ( still good ) but the commerical property auction on tuesday was very strong indeed


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    #7
    gene_slackman
    Banned (with Prison Access) Posts: 103 ✭✭gene_slackman


    the_syco wrote: »
    From other threads, people are buying crap because it says "sale" on it. One thread talks about how he was told to walk away by solicitor, engineer, etc, as the house was a bit of a hole. Seems the end price was 150% of what it should have sold at.

    people are more enthusiastic about buying property when its expensive , its why bargains are hard to spot , no one wants property when its on the floor

    hugely psychological


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