A fire sale of properties owned by banks will take place in Dublin on April 15th and already there are shock waves over the prices being asked.
The sale is put together by Dublin real estate company Space and their British counterpart Allsops who specialise in distressed properties.
The 80 properties featured are in Dublin, Cork, Limerick, Galway and Portlaoise.
In Portlaoise a house is being offered for $50,000 while a house on the same block currently has an asking price of $220,000
In Dublin a penthouse apartment in a desirable area is being offered at $180,000 while a ground floor apartment in the same complex is being offered at $360,000
In another Dublin neighborhood a 4 bedroom house near a golf course is being offered for $500,000 while a three bedroom nearby is still on sale at $1.3 million.
A studio apartment in Temple Bar , Dublin’s Greenwich Village is going for $100,000 while one in the same building is currently being offered for $190,000.
The selling agents say the sale will reflect a floor or bottom price in the Irish market and as such will provide a a valuable service for properly valuing other properties.