Thursday 21 December 2017

REA O'Connor Murphy report successful year for Auctions

Our Auctions proved to be very successful in 2017.  We held six auctions selling 127 lots including a mix of residential and commercial properties and land within the Munster and Connacht regions.  It is noticeable that the auctions platform are becoming more popular amongst Banks, Receivers and Funds. We believe this is due to the timescale in signing a contract by Private Treaty as with an Auction unconditional contracts are signed on the day. The attendance numbers at our auctions have increased dramatically and the bidding has become more competitive.  We are holding 7 auctions in 2018, the first being held on 28th February. Already we have 27 properties for our February auction and believe this increase to 50 lots. We believe this trend will continue throughout 2018.  For further information on these auctions please visit