TITLE

Irish auctions might be colourful, but their transparency is transforming the market

AUTHOR(S)
Hoban, Robert
PUB. DATE
March 2013
SOURCE
EG: Estates Gazette;3/16/2013, Issue 1311, p45
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article contends that commercial and residential auctions in Ireland may be colorful, but their transparency is changing the market. Investors can reportedly access reliable public data from commercial and residential auction results and from the residential Property Price Register. Meanwhile, the auction buyer profile has evolved. In April 2011, 85% of the lots were sold to cash-buyers. In 2013, the split between cash and finance is about 50:50.
ACCESSION #
86383324

 

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