Irish auction sales realise millions

Millions of euros worth of Irish property was sold at two separate auctions yesterday, each streamed live online from Cork and Dublin, and they followed on from a further €12.5 million netted at the inaugural Allsop Private auction last week of 20 properties, at average sale prices of €625,000.

Showing continued recovery in values, very many lots went over initial pre-auction guides, with average premiums of 43% over reserves in Allsop’s case last week for Dublin properties.

Among the sales yesterday were Barrow House in Tralee, the eighth lot in DNG Creedon’s €2m-plus auction with DNG Giles, making €342,000 for an eight bed house on 0.25 acre, and which had carried a €300,000 AMV.