75% of property auction buyers paid cash, says estate agent

ALMOST three quarters of buyers in a series of special property auctions this year paid in cash, estate agents have said.

Of the €52 million worth of houses, apartments and commercial buildings sold, 72% were bought by people who did not need finance.

Estate agents Allsop Space plan another five auctions next year, the first on March 1, and are aiming at 100 properties per sale.