Property Focus: Stock shortage as buyers scramble for Fermoy houses

Bidding levels haven't been this high since the boom, according to auctioneers

Fermoy Town.

In the North Cork town of Fermoy – just as in all other towns around the country this summer - auctioneers are seeing prices rise as an increased number of buyers vie to purchase scarce properties.

 “The market has gone berserk. For a property in the €150,000 to €200,000 range you can have bids from five or six mortgage-approved first time buyers who have been saving during lockdown,” says Michael Barry of Dick Barry auctioneers.