Auctioneers optimistic about prospects in 2010

LOWER interest rates and increased affordability in the market were the positives in the recently published Irish Auctioneer and Valuers Institute property survey.

A comment by one of the IAVI members said it all. “The highlight is that I survived the year.”

There is one matter on which all the agents agreed — prices won’t increase at all this year. There is some limited optimism for 2010, however. The report shows development land prices down by 30% to 50%, compared to mid-2007.