Wednesday August 12, 2020

Latest batch of residential properties from BidX1 comes to market

The auctioneer is offering a slew of houses and units around the country in its latest sale, writes Donal Buckley

24th November, 2019

BidX1 is offering five portfolios of residential properties in Dublin and around the country for sale at its next commercial auction on 10 December. Its reserves are priced well below €1 million, so some if not all of the portfolios should qualify for the lowest 1 per cent stamp duty rate.

That compares to the 7.5 per cent stamp duty that applies to commercial property following the recent budget. It also means that standard acquisition costs for...

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