Hot online bidding pushes March auction prices 26% above AMV

According to chief executive Michael O’Connor, steady sales show the pandemic has led to an increased willingness to buy online

No 3 Captain's Terrace in Kinsale, Co Cork, sold for €562,000 in’s March auction, up 33 per cent on its advised minimum value’s March online property auction saw 91 per cent of all lots sold, with multiple bidders pushing prices, on average, some 26 per cent above reserves.

The success of the auction prompted the platform’s chief executive, Michael O‘Connor, to credit it as a sign of the growing strength of the property market.

The auction saw a three-bedroom, semi-detached 1940s waterfront property in a sought-after area of Kinsale, Co Cork sell for €562,000. The sale price ...