• Home
  • NAMA property for sale
  • About
  • The Developers
  • The Tranches

NAMA Wine Lake

Click the green link above for latest news and over 2,600 related articles. NAMA – National Asset Management Agency – part of Ireland's response to its banking crisis and property bubble

Feeds:
Posts
Comments
« Vacant Property DKM vs. NIRSA Vs. UCD (Part 4 of 7).
An acre of development land currently worth €50,000 in Co.Dublin »

Kilkenny “mega-auction”, 2 of the 20 properties sold!

March 11, 2010 by namawinelake

The Irish Times reports on the results of the widely publicised auction by Sherry FitzGerald McCreery where 20 properties were previously said to be up for sale. In the event 2 properties sold with one going for €212k against a price of €320k 12 months ago (an annual rate of decline of 34%, compared with the last ESRI/Permanent TSB rate of 18.5%) and another sold for €350k which the agent claimed at the height of the boom would have achieved €700k.

Nothing of any real statistical significance can be inferred from such a small sample, though the low number of sales (to be fair, the organisers said another 6 sold before the day and 2 after though their completion status and terms are not known) and the discount from 12 months ago would indicate the market is still in a very weak state and that prices continue to fall – the ESRI/Permanent TSB index being published in April 2010 might shed more light on the market.

Advertisement

Share this:

  • Twitter
  • Facebook
  • Reddit

Like this:

Like Loading...

Related

Posted in NAMA, NAMA valuation methodology |

  • Recent Posts

    • Test – 12 November 2018
    • Farewell from NWL
    • Happy 70th Birthday, Michael
    • Of the Week…
    • Noonan denies IBRC legal fees loan approval to Paddy McKillen was in breach of European Commission commitments
    • Gayle Killilea Dunne asks to be added as notice party in Sean Dunne’s bankruptcy
    • NAMA sues Maria Byrne and Graham Byrne in Dublin’s High Court
    • Johnny Ronan finally wins a court case
  • Recent Comments

    Wisemama on Eddie Hobbs’s US “partner” fir…
    Dorothy Jones on Of the Week…
    Sean Bean on Eddie Hobbs’s US “partner” fir…
    John Foody on Of the Week…
    Wisemama on Eddie Hobbs’s US “partner” fir…
    otto on Of the Week…
    Frank Street on Of the Week…
    Wisemama on Eddie Hobbs’s US “partner” fir…
    John Gallaher on Of the Week…
    John Gallaher on Of the Week…
    who_shot_the_tiger on Eddie Hobbs’s US “partner” fir…
    Sean Bean on Eddie Hobbs’s US “partner” fir…
    otto on Of the Week…
    Brian Flanagan on Of the Week…
    Robert Browne on Gayle Killilea Dunne asks to b…
  • Twitter Updates

    Tweets by namawinelake
  • Click on date for that day’s posts

    March 2010
    M T W T F S S
    1234567
    891011121314
    15161718192021
    22232425262728
    293031  
    « Feb   Apr »
  • Blog Stats

    • 5,119,694 hits

Blog at WordPress.com.

WPThemes.


Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy
  • Follow Following
    • NAMA Wine Lake
    • Join 1,326 other followers
    • Already have a WordPress.com account? Log in now.
    • NAMA Wine Lake
    • Customize
    • Follow Following
    • Sign up
    • Log in
    • Copy shortlink
    • Report this content
    • View post in Reader
    • Manage subscriptions
    • Collapse this bar
%d bloggers like this: