Kenmare holiday home sold for $61,000 down from $392,000
700-year-old castle sells for $238,921 as Irish properties go for rock bottom prices
A holiday home in the picturesque town of Kenmare, County Kerry, has been sold at auction for just $61,000 (€50,000). The asking price for these houses at the height of Ireland’s property boom was $392,000 (€320,000).
The fully finished holiday home was one of five houses sold at public auction. In total the houses fetched $381,098 (€311,000). The highest price paid was $87,007 (€71,000).
The 30-unit housing estate is located close to the center of Kenmare village, in south Kerry, recently voted one of the top locations in the world to retire by Forbes magazine.
Tom Spillane, the auctioneer who sold the property, told the Irish Examiner he was satisfied with the sale. He said there was huge interest in the properties.
Spillane said, “The prices reflect the market and show that if the reserve is reasonable and there’s value for money, people will buy."
Meanwhile in Dublin, 78 properties sold for $13.8 million (€11.3m) at auction. Just four properties failed to sell at Allsop Space’s auction, at the Shelbourne Hotel.
A ghost estate of 14 unfinished homes, Annagh Banks in Castlemaine, County Kerry, had a reserve price of $61,266 (€50,000). The 3.03 acre development sold for $287,95 (€235,000).
The Irish Times reports that 26 Merrion Square, Dublin 2, (a Georgian house), which had a reserve price of $1.22 million (€1 m). It sold for $1.73 million (€1.42m).
White Castle, a 700-year-old castle in Athy, County Kildare, had a reserve price of $61,266 (€50,000). The 1417 castle sold for $238,921 (€195,000).
Robert Hoban, director of auctions at Allsop Space said the success of the auction was a “positive message was sent out today about the property market in general. Once again, it is clear that there is indeed a trading marketplace.”
- The New York Times questions Ireland’s highly-p
- Gay wedding cakes latest target of anti-gay...
- Bah! Humbug! The ten worst things about Christm
- Spanish judge slams Ryanair’s sexist air...
- Racist incidents in Ireland up by 85 percent...
- No Irish prosecution for man named as world’s...
- Offensive NFL sign outside restaurant just...
- Ireland crowned “Top Tourist Destination”...
- An open letter in strong defence of capitalism.
- How the Irish celebrate Christmas has changed...
"RECOVERY" My Arse The Country is in so much debt just about paying interest while borrowing 1 bl per month They have just been caught robbiThe New York Times questions Ireland’s highly-praised economic recovery
A bit of sleight of hand, I think. Rather than look into cleaning up the economy in the US, they'd rather try to find someone worse off. I wonder if tOffensive NFL sign outside restaurant just a symptom of a larger problem
Hi Chuck, if we get rid of red, what will Carl Rove do? After all it was his idea to associate red with the Republican Party.How Christmas was in my father’s time
I don't mean to be rude but I am aghast as to why your Father walked barefoot in the middle of Winter & also such a distance as every small villag