PANEL – TENSION FELT AT FIRST MAJOR IRISH PROPERTY AUCTION
April 1st, 2011
BY JENNIFER BRAY
THE IMF may have been in Dublin last Friday, but around the corner piggy banks had been broken and mattress money uncovered as buyers queued for a chance to bid for what they considered a property bargain. More than EUR15 million was spent at the auction with 83 of the 84 properties selling on the day.
Auctioneer Gary Murphy of Allsop's described the atmosphere in the bidding room as "extremely tense", as prospective buyers were forced to line up against the walls and stairways. It was clear many of the bidders were new to the ...
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