Archive for July, 2007

3.7m euro for Tipperary stud

Tuesday, July 31st, 2007

Dublin-based estate agents, Knight Frank Ganly Walters, have just offered the Kilbrennal House Stud in Ballynonty, Killenaule, Co Tipperary. The renovated Georgian house includes a new guest wing and sits in the grounds of a working stud. Dating back to the early 1800s, the stud was established in the 1930s. Winners as well known as [...]

eBay abandons Sligo operations center plans

Sunday, July 29th, 2007

The online auction firm and its payments subsidiary PayPal already employ about 1,200 people in Dublin. Industry sources said the firm was looking at opening a base outside Dublin and was close to selecting Sligo, but has decided to expand in the capital instead.
Industry sources said the decision had been taken recently and was a [...]

Clonakilty farm expected to make €2m

Tuesday, July 24th, 2007

The period residence on 56ac at Tullineasky, Clonakilty, is one of the finest farm holdings to come on the market in recent years, according to auctioneer John Hodnett of SWS Property Services.
“It really is a quality farm that would be suited to any farming enterprise, be it dairying, tillage or even an equestrian enterprise,” Mr [...]

Galway agents earn €375k for school site

Friday, July 20th, 2007

The auctioneers whose low valuation on land in Rahoon resulted in the City Council being brought into arbitration — ending in taxpayers paying twice the original offer — were paid €375,000for their role in the deal.
The development land earmarked for the new home of the Coláiste na Coiribe secondary school ended up costing Galway City [...]

Irish auctioneers accused of falsely hyping up house prices

Wednesday, July 11th, 2007

Fine Gael MEP Gay Mitchell has accused Irish auctioneers of falsely talking up the strength of the property market in order to keep house prices artificially high.
Mr Mitchell says those involved in the Irish market repeatedly predicted massive house-price increases for this year, even though interest rates were rising.
He says surveys released last year claimed [...]

Laois tops online trading league on eBay.ie

Tuesday, July 10th, 2007

The online auction site, eBay, has done a detailed breakdown county by county of the country’s shopping habits.
The site, which was launched in the US 12 years ago and has had a site specific to Ireland for two years, has 500,000 registered users in the country.
Speaking on RTÉ Radio’s Morning Ireland, John McElligott, Managing Director [...]

Young people struggling to buy property

Tuesday, July 10th, 2007

The Irish Independent reports that the Government will for the first time admit today that tens of thousands of young people are in serious trouble with their mortgages.
A report will reveal that one-third of all new home buyers are signing 35-year 100pc mortgages – some for as much as €500,000.
Such is the level of concern [...]

Goffs Bloodstock Sales announce merger

Monday, July 9th, 2007

R.J. Goff & Co and Doncaster Bloodstock Sales (DBS) have announced a merger forming a Bloodstock Auction House that is hoped will become Europe’s Leading Bloodstock Auctioneers.
Goffs is Ireland’s leading Bloodstock Sales Company and DBS is the second largest and fastest growing Thoroughbred Auction House in the UK. This merger follows Goffs taking a [...]

Irish property website Funda shuts down

Thursday, July 5th, 2007

Property web portal Funda Ireland, which last year acquired the Irish Auctioneers and Valuers Institute’s (IAVI) www.realestate.ie website for an initial €1m, said it is to cease operations.
Under the original agreement the IAVI stood to earn a further €5m over a 10-year period based on the performance of the joint venture with Dutch property player, [...]

First edition of James Joyce’s Ulysses for London auction

Monday, July 2nd, 2007

Sotheby’s Auctioneers are selling the novel, one of only 750 copies that were originally printed, at their English Literature and History sale on 12 July.
The guide price is from £40,000 to £60,000.

English bid for Irish country homes

Sunday, July 1st, 2007

As the UK property market boom continues while Ireland’s falters, leading agents have told the Sunday Independent that English buyers are bidding for Ireland’s Georgian country homes like never before. Most auctioneers agree that the primary reason for such a shift is the sterling/euro exchange rate which gives the UK buyer nearly a third of [...]