Monday 27 January 2020

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Cork Independent

Home & Property

Auctions planned for 2020

Wednesday, 18th December, 2019 5:32pm

It’s been a busy year for the property market with more than a 90 per cent sold rate for one auction company with plans already in place for 2020.

Iam Sold Property Auction is continuing to take entries for online auctions which are ongoing and have a further five public auction events planned for 2020.

It is also celebrating an impressive run of 40 auctions across Ireland and Northern Ireland which included 15 successful public auctions across Munster, Connacht and Leinster along with 25 online auctions.

Speaking about 2019, Company Director Patrick Folan said: “During 2019, for the first time we saw mortgage buyers overtake cash buyers in terms of volume of purchases at our auctions.”

He added: “The success of our auctions is down to the large marketing campaigns we undertake in Ireland and abroad, while also working in close partnership with our local partner auctioneers. This combination of regional and national auction house in partnership with the local auctioneer offers both access to the local buying pool and the broader reach the auction ensures.”

The last Munster Property Auction had an overall success rate of 94 per cent. At the auction, the Waterloo Inn was offered in partnership with property partners Matt Fallon and sold for €370,000.

The hammer fell at €240,000 for a four-bedroom dormer style detached residence, located in Knocktoran, Elton in Limerick.

Meanwhile 10 two-bedroom apartments in Firies Village, Killarney, sold as one lot for €350,0000 in partnership with William Hennigan Auctioneer.

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