Thursday 17 November 2016

REA Munster & Connacht Auction

180 people registered for the REA Munster & Connacht Auction held at the Limerick Strand Hotel today. This auction offered a selection of residential and commercial properties and development land throughout Munster & Connacht. 79% of properties were sold at auction with the remaining properties presently under negotiation. Average prices exceeded 21% above the minimum Reserves, in particular there was considerable interest in one property, a partially completed development site in Cullen, Co. Tipperary that had a minimum reserve of €100,000 and sold for €180,000. There were multiple bidders on each of the properties indicating strong demand in the Munster/Connacht region. We have six auctions planned for next year with the first one to be held in February 2017, details to be posted online in the coming weeks.
More information contact
353 (0)61 279300