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Thu 03 Mar 2010Kilkenny auction a bid to get the market going
Twenty houses are to be offered for sale on Saturday in a group auction in Kilkenny – with guide prices low, the hope is to get the market moving, writes MICHAEL PARSONS
PROPERTY AUCTIONS have become rare – adding to the general lack of transparency in the market. Michael Grehan, managing director of Sherry Fitz-Gerald, says “auctions have declined by 95 per cent since the boom and the percentage of houses sold by auction is now at its lowest level in 50 years”.
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