'Bidding wars for homes' — property jumps €530k during sale process

Social Democrats housing spokesperson Cian O'Callaghan said that such bidding wars cause stress and anxiety among the public.

The housing minister has warned that a Celtic Tiger-style bidding war for homes must be avoided after watching a house almost double in value during the sales process. 

Darragh O'Brien said he had watched the bidding war for a house in Rathmines, Dublin, which was originally listed at €685,000 but has risen to €1.2m.