Five auctions make €32.4m as developers swoop

Five auctions make €32.4m as developers swoop View Gallery
Apartments in The Charter, Santry Cross

Development properties, including unfinished developments, were the outstanding performer at BidX1’s auctions reflecting increased activity as developers respond to the housing shortage

Five auctions during the last ten days have generated more than €32.4 million in property sales, including four Dublin lots which sold for more than the €1 million level.

Of these, BidX1 generated €28.5 million from 159 lots sold at its auctions, which took place over three days. REA Dempsey Sothern generated €2.99 million from the sale of 15 Leinster and Dublin lots, and REA O’Connor Murphy’ Munster and Connacht auction sold eight lots, to generate a combined €912,000.

Development properties,...

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