Auction results reflect growth in investor interest

The wind-up of the capital gains tax exemption last year has failed to dampen investor enthusiasm, writes Donal Buckley.

22nd February, 2015
Aerial view of Ballybunion, where a 2.45 acre site near the golf course sold for €200,000, or €81,630 per acre

Commercial investor interest appears to be gathering momentum, despite the ending of the capital gains tax exemption in December. That’s the experience of Allsop Space based on last Wednesday’s auction, when as many as 183 of the lots in the catalogue sold, generating €45.7 million.

Commercial properties accounted for €27.7 million of the sales and about nine of these lots with combined values of about €11 million sold prior to auction. Development...

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