R + R Report post Posted April 15, 2011 http://www.auction.co.uk/irish/onlineCatalogue.asp for those with the time might makefor some interesting viewing rock on1 Quote Share this post Link to post Share on other sites
getdoon_weebobby Report post Posted April 15, 2011 (edited) r+r i am blocked from viewing this in my london office be interested to see what things go for the 1 bed castleforbes square flats were 340k euro , now 100k euro reserve... much of the auction is similar to this Edited April 15, 2011 by getdoon_weebobby Quote Share this post Link to post Share on other sites
eek Report post Posted April 15, 2011 real time(ish) results can be found at http://www.realbid.co.uk/realbidIrish/resultsGallery.asp Quote Share this post Link to post Share on other sites
Bill Poster Report post Posted April 15, 2011 real time(ish) results can be found at http://www.realbid.co.uk/realbidIrish/resultsGallery.asp Looks like published reserves were unrealistic perhaps intentionally, or the market is just that hard to read. Quote Share this post Link to post Share on other sites
Shotoflight Report post Posted April 15, 2011 Looks like published reserves were unrealistic perhaps intentionally, or the market is just that hard to read. Sky news running a piece on this (revolving). Point made about lack of transparency in recorded sales prices in the market in general, and that this format allows buyers to set the real value, rather than vendors kite flying exercises to date. Reporter described one property was 3 mil Euro, down to 600,000 as a 'bargain'! Quote Share this post Link to post Share on other sites
rantnrave Report post Posted April 15, 2011 reporting here from the Pin http://www.theproper...35965&start=405 Doccyboy, can you direct me to the other thread on this topic? It seems to have been merged. Quote Share this post Link to post Share on other sites
rantnrave Report post Posted April 15, 2011 here you go http://www.housepric...howtopic=162453 The forum software chooses the earliest thread to change the topic title Ta - is this thread about to go the same way too Quote Share this post Link to post Share on other sites
getdoon_weebobby Report post Posted April 15, 2011 (edited) http://www.daft.ie/searchsale.daft?id=581123 under 100k euro reserve and went unsold............. there were asking from 340k euro in 2007 So 428 Castleforbes Square goes for €129,000 and 45 lots later 357 Castleforbes Square doesn’t get a bid of €100,000 Negative equity of 30% in a few hours… Edited April 15, 2011 by getdoon_weebobby Quote Share this post Link to post Share on other sites
getdoon_weebobby Report post Posted April 15, 2011 http://www.daft.ie/searchsale.daft?id=581123 under 100k euro reserve and went unsold............. there were asking from 340k euro in 2007 So 428 Castleforbes Square goes for €129,000 and 45 lots later 357 Castleforbes Square doesn’t get a bid of €100,000 Negative equity of 30% in a few hours… sold after the auction for €99,000 Quote Share this post Link to post Share on other sites
R + R Report post Posted April 16, 2011 http://www.independent.ie/national-news/bargains-raise-euro145m-in-bumper-property-auction-2621318.html rock on! Quote Share this post Link to post Share on other sites
Malthus Report post Posted April 16, 2011 http://www.independent.ie/national-news/bargains-raise-euro145m-in-bumper-property-auction-2621318.html rock on! Love the way over" the reserve" prices are being spun as good news. There are some eye watering losses from peak prices and imho is a wake up call to anyone who thinks that the ROI is coming out bankruptcy. Quote Share this post Link to post Share on other sites
