Allsop Auction 15/04/11

Zamboni

So this is kicking off at noon today.
http://www.realbid.co.uk/realbidIrish/gallery.asp

Does anyone think it will provide a useful insight to the market?

I could be well wrong but I think there are a number of people who have cash and will buy at prices far higher than they need to.
This may give the impression that the market has stabled but really it will be a minority of cash rich dead cats bouncing.
In the heat of an auction people can pay far in excess of what something may be worth. Indeed, I have witnessed car auctions where people have bid and paid prices on cars in excess of normal retail value.
It will probably take a number of these auctions to gain any useful insight imo.

Ortiz

I don't think it will provide any insight at all.

The only people that can buy the property are cash buyers so it doesn't reflect market value when the properties in question aren't available to a large chunk of the market.

They are distressed properties that are being sold at slashed prices. From what I hear the majority of bidders will be foreign investors looking for a bargain.

I think it's a bit over-hyped tbh

Mr. 2

FFS people losing the run of themselves on the 1st lot :rolleyes:

subway

its brilliant, maniacs!

http://wms-farm1.dc1.coull.biz/property?MSWMExt=.asf

liger

johnnyskeleton wrote: »

Are you there? Any updates would be appreciated

Live link in first post.

Mr. 2

Lot 1 reserve 80k, went for 126k. Video link seems to have gone down.

djmcr

Ortiz wrote: »

. From what I hear the majority of bidders will be foreign investors looking for a bargain.

I think that this is an impression that has been created by the auctioneers, why would anyone from abroad invest in Irish property at the moment

petroltimer

is anybody able to view it? none of the links are working for me

subway

im watching on the link i gave above

snubbleste

I'm getting flashbacks to 2005

petroltimer

subway wrote: »

im watching on the link i gave above

thanks working for me now

Dymo

Reserve prices
1 Vacant Flat Temple Bar €80,000€ 126000
2 Investment Flat Dublin 1 €100,000 € 129000
3 Investment Flat Dublin 8 €85,000 € 102,000
4 Investment Flat Dublin 8 €160,000 € 159,000
5 Investment Flat Bray €105,000 € 154,000
6 Investment Freehold Building Clifden €102,500 €141,000

Still plenty of money out there

Sand Wedge

Dymo wrote: »

anyone got a quick link of the reserve prices

http://www.auction.co.uk/irish/onlineCatalogue.asp

liger

Dymo wrote: »

anyone got a quick link of the reserve prices

http://www.auction.co.uk/irish/onlineCatalogue.asp

Mr. 2

Winning bid for an apartment in Portlaoise nearly double the reserve comes from somebody out on the street!

If the auctioneer thinks it funny.

Dymo

Most places going for 40% more than there reserve

Kersh

Video feed was working for me up until 10 minutes ago.

Anyone else having problems?

Occam

Dymo wrote: »

Most places going for 40% more than there reserve

Am I the only one thinking that the bidders have totally lost the run of themselves? Better value to be had in private sales.....

Occam

Considering suspending auction due to overcrowding !!!!

Welcome back 2005 !

minotour

Occam wrote: »

Considering suspending auction due to overcrowding !!!!

Welcome back 2005 !

I DB'd over for a nosey, was busy alright, not a geat setup either. Anyone know what happened that site for 20K in wicklow? Im told you need to be a long term wicklow resident to get PP so it aint for a fook to any buyers.

Dymo

Retail Unit, Castle Street, Co. Tipperary, Roscrea reserve €205,000 sold €336,000

Good value, 35 year lease with an annual income of €35,000 p.a. It was probably the sitting tenants that bought it.

petroltimer

haha funny its to packed, they should have held it in the avia, nice day for it

The Rooster

Occam wrote: »

Considering suspending auction due to overcrowding !!!!

Welcome back 2005 !

Never having been at a property auction before, I'm finding viewing it surprisingly entertaining!

Rdaly1

How much did apartaments in Auburn Avenue go for?

petroltimer

lot 10 410k wow wonder so lot 25\26 will go 600k+

DEAD CAT BOUNCE???????????

subway

3 bed semi, 410k ($686k) lol,
wheres my NAMA!

Mr. Loverman

Dymo wrote: »

Still plenty of money fools out there

:pac:

Tigger

this is brilliant


the recession is over
whoot

John Mason

just heard the Guards have been called for public safety

following the bids online here - so said this country is broke

Dymo

Believe it or not this could be the bottom

mari2222

11 Lensmen House, Essex Street, Dublin 2, Temple Bar€126,0002428 Castleforbes Square, Upper Mayor Street, Dublin 1€129,000341 The Tannery, Cork Street, Dublin 8€102,00043 Chancery Court, Bride Street, Dublin 8€159,00051 Wilford Court, Co. Wicklow, Bray€154,00063 Seaview, Co. Galway, Clifden€141,00074 Bridle Walk, Kilminchy, Co. Laois, Portlaoise€61,000828 Bridle Walk, Kilminchy, Co. Laois, Portlaoise€62,0009Retail Unit, Castle Street, Co. Tipperary, Roscrea€336,000107 Meadows Villas, Dublin 14, Co. Dublin, Dundrum€410,00011Apartment 31, 25 Wolfe Tone Street,, Dublin 1€120,00012415 Castleforbes Square, Upper Mayor Street, Dublin 1€116,00013432 Castleforbes Square, Upper Mayor Street, Dublin 1€190,000149 Hybla Court, Blackhorse Avenue, Dublin 7€107,0001551 Lakeshore Drive,Galway City, Renmore€332,5001659 and 60 Murrough Drive, Merlin Park, Galway City, Co. Galway, Renmore€205,0001728 Chancery Court, Bride Street, Dublin 8€159,0001816 Clan House, Dominick Street, Co. Galway, Galway City Centre€74,0001944 Chancery Court, Bride Street, Dublin 8€345,000