DNG Creedon: Investment shows emigrants intend to return home with their nest eggs

Over €2.4 million was realised at this week’s packed Imperial Hotel DNG Cork auction, with 35 properties sold in 21 lots under the hammer.

Investors were to the fore in the event, streamed on the web with phone bidders active from Munster, Tunisia, Dubai and Australia, “individuals who left Ireland at the end of the boom have created a nest egg and intend to come back to us,” notes DNG Creedon auctioneer Shane Finn.

Top seller was a house 1/1A Maryland, Knockrea Terrace on the Old Blackrock Road, making 44% over the guide to fetch €395,000 after 67 bids.