Residential price cuts at auction as tenanted homes go unsold

Vacant homes and commercial property exceed guide prices

21st October, 2018
The Bull Ring on Meath Street in Dublin 8 will go on sale at BidX1’s auction on November 14

In what may have been a bid to beat an increase in stamp duty on residential block sales, a Limerick apartment block sold for more than its guide price at a BidX1 auction last week.

When the auctioneers first offered it for sale Clontarf Hall on O’Connell Avenue, Limerick had a €1.5 million guide price, but it failed to sell on October 12. Five days later its guide price was reduced to €1.2 million and...

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