'For what it's worth' the concept of property prices.

There is an unusual disparity at the moment in the property auction market versus the rest of the market, and that primarily lies in the level of houses being withdrawn from auction, in the Irish Times there was a list of properties up for auction, of note, and what wasn’t mentioned in the story was the degree to which properties are being withdrawn. Out of the 32 properties listed 20 were withdrawn, and that means approximately 62.5% must not have been meeting their required price.

of the 12 properties listed in South Dublin only 1 sold, this could be looked at several ways, on one hand the properties in on the South side may be priced into a market that is not accessible to most people to begin with (one listing was €12 million), another is that perhaps the prices there are just too high and they appreciated too fast.

In North Dublin and West Dublin every property listed sold, and again, this can be interpreted different ways, on one hand the prices are …

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‘For what it’s worth’ the concept of property prices.

There is an unusual disparity at the moment in the property auction market versus the rest of the market, and that primarily lies in the level of houses being withdrawn from auction, in the Irish Times there was a list of properties up for auction, of note, and what wasn’t mentioned in the story was the degree to which properties are being withdrawn. Out of the 32 properties listed 20 were withdrawn, and that means approximately 62.5% must not have been meeting their required price.

of the 12 properties listed in South Dublin only 1 sold, this could be looked at several ways, on one hand the properties in on the South side may be priced into a market that is not accessible to most people to begin with (one listing was €12 million), another is that perhaps the prices there are just too high and they appreciated too fast.

In North Dublin and West Dublin every property listed sold, and again, this can be interpreted different ways, on one hand the prices are …

Read More