Summer auctions planned

There has been a high demand recently for properties in Ireland while low stock levels continue to cause issues within the sector.

However bidding platform Iamsold, which works with auctioneers nationwide, said it has noticed a gradual increase in stock supply over the past few weeks. The property specialist said it expects to see a further increase over the next month as vendors decide to come to the market for the busy summer period.

Patrick Folan, Director of iamsold, said: “Traditionally the summer months tend to be the busiest time of year for property transactions, and through our international advertising streams we also have buyers coming into Ireland regularly looking for residential properties and investments opportunities.”

Last week Iamsold enjoyed a flurry of sales and said it’s confident it can continue get the right results for its clients.

One successful recent sale was a cottage in need of total renovation, in Ballinaboula, Kerry which attracted good viewing levels prior to the auction. With an opening bidding of €110,000, interested parties were keen to secure this property and after 24 bids, it sold for €147,000 via the Iamsold online auction platform.

Iamsold is now taking entries for its upcoming online auctions on 23 June and 21 July. The auction team is also taking entries for its national Holiday Home Property Auction which takes place alongside the 21 July auction and will offer holiday homes from across the country.

For more, call 01-2440000 or visit iamsold.ie.