Tuesday, July 12, 2011

I can’t imagine anyone wanting to buy yet, but look at the sheeple at auction house

House prices slashed as Ireland's knockdown properties go under the hammer

Property bargain hunters have been out in force as Ireland’s troubled banks auction off repossessed properties at knockdown prices. The Republic’s latest distressed property auction generated €23m in revenue, with many of the properties going for as little as 60 per cent of the prices they would have fetched at the peak of the housing bubble back in 2007. remember 2007 prices were never of real value, just over inflated prices so how can one compare and say they are cheap now? There is a lot worse to come in Eire

Posted by mark @ 03:41 PM (1629 views)
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4 thoughts on “I can’t imagine anyone wanting to buy yet, but look at the sheeple at auction house

  • There’s false liquidity everywhere thanks to protectionist western policy, but there’s precious little solvency. Therefore, don’t be surprised by this. It’s all part of the long unwinding.

    Most central banks have to look up the word ‘stability’ in a dictionary.

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  • Everything is going to sealed bids where we are a flat above a late night burger place has just had multiple offers on it

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  • But, but… a few years ago there was a SHORTAGE… they were having to BUILD MORE… just like us!

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  • There was never a shortage in Ireland – on the contrary there is a massive over supply.

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