Sunday May 31, 2020

Market predictors wait for the hammer to fall

Editor’s note Tina-Marie O’Neill: Auction season is under way, and its fortunes will provide a telling gauge of the market’s overall confidence.

22nd February, 2015
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Tina-Marie O’Neill

The property auction season kicked off to a conclusive start in Dublin last week, when Allsop Space sold 90 per cent of its mixed commercial and residential lots – some 183 properties – with a total sales value of €45.7 million. The auction process is a great way to gauge overall market confidence and to sniff out current trends by virtue of its sheer transparency. With so much speculation about rising sale and rental values,...

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