But a Co Limerick auctioneer has taken this idea and brought it into the world of property.
Michael Collins has come up with what he says is a sure lure — buy one house, get the chance at another free.
The Newcastle West estate agent is raffling off a newly built house in a free draw to counter the property slump.
The three-bed semi-detached home to be raffled is one of 15 properties still on the market at the Glebe in Monagea, about three kilometres from Newcastle West. Buyers of any of the other 14 houses will take part in a free raffle for the 15th house.
“The developer, Martin O’Sullivan did not want to reduced the price of houses in the development as he felt it would be unfair to those who have bought houses since the development started two years ago,” Mr Collins said.
“To date, 35 houses at The Glebe have been sold for prices ranging from €210,000 for a three bedroom semi to €300,000 for a four bedroom detached.
“Only 14 names will enter the free draw so one new resident will end up with two properties. And as word of the offer is going out, we have already got three deposits on the 14 houses which qualify for the draw.”
Mr Collins is confident that they will have deposits on all 14 by the time they are completed.
“There is great value around and this is a really fantastic one. You can buy a beautiful fully fitted out house for €210,000 and then have a one-in-14 chance of ending up with a second one free,” he said.
“The Glebe development is located near a school, church and GAA field. And as it in a rural setting, the density is lower in the development side while the garden area much larger than you would get in the town.”
Meanwhile, a Limerick city auctioneering firm is offering three prime retails units rental free for 18 months.
The units located in Sarsfield Street would usually fetch yearly rentals of €400,000.
Limerick Chamber chief executive, Maria Kelly said this type of retail offer is worrying and a sign that the economic recession is biting hard.