Lukewarm reception for sales at Allsop’s major property auction

Hopes of a major revival in the property market might seem somewhat premature after more than a quarter of lots at a major public auction in Dublin yesterday were either withdrawn or failed to sell.

The latest Allsop Space auction of 156 properties at the Shelbourne Hotel saw a total of 23 lots failing to sell, while a further 18 lots were withdrawn during a marathon six-hour sale.

Seasoned observers of the 10 auctions held to date by Allsop Space noted the atmosphere was more subdued than on previous occasions with only a few vying for individual lots.