Monday 25 May 2015
REA Munster Auction huge success
The REA Munster Regional Auction was held Thursday May 21st in The Limerick Strand Hotel with a large crowd in attendance and it proved to be a huge success with 80% of properties sold on the day. There were multiple bidders which resulted in prices in excess of 11.2% above the minimum reserve achieved.
According to Michael O'Connor of REA O'Connor Murphy " We are delighted with our results today. The large attendance gives an accurate indication that the property market in the region is well and truly on the road to a full recovery and the prices achieved on some properties indicates the continuous rise in values.
We look forward to our next REA Munster Auction on October 1st of this year to be held again in the Limerick Strand Hotel".