Continuing the positive trend for purchasing properties at auction, 137 people registered for the first REA Munster Auction of 2016 which was held at the Limerick Strand Hotel on Tuesday last, 1st March. Only one Lot remained unsold when the auction ended however this property is now under negotiation and is expected to sell in the coming days. Sales prices on the day exceeded AMV’s by an average of 17% with particular interest in 4 terraced houses in Waterford which were sold as one Lot and achieved €88,000 over the AMV. There were multiple bidders on each of the properties indicating strong demand in the Munster region.
The next REA Munster Auction is taking place on Thursday, 21st April in the Limerick Strand Hotel. Details will be posted online in the coming days.