Commercial Property

€26m-valued BidX1 auction a test of where the market is at

Some sellers will be hoping to achieve pre-pandemic prices, while buyers will be looking for reduced prices brought about by rising interest rates

Mill 2, Barrow Street, in Dublin 4 is an apartment development prospect at Grand Canal Dock, which has had its guide price reduced from €4 million to €1.75 million

An interesting test of the price discovery debate among valuers will be seen with the BidX1 auction on February 23. At the time we went to press, there were 110 lots in the catalogue with guide prices valued at a total of €26 million, but some may sell prior to the auction date.

In the current market, some vendors are hoping to achieve prices close to pre-pandemic levels, but on the other hand buyers are ...