/r/IrishProperty
A place to talk about the Irish property market and everything it incorporates. From renters to landlords, buyers to sellers, the RTB, opinions, queries and current hot topics - it's an open discussion for all.
/r/IrishProperty
"Property website Daft.ie says homes offered on its bidding platform have gone from first to final offer in just 10 days"
https://www.irishtimes.com/business/2023/11/23/is-the-property-market-that-hot/
"Irish homes put up for sale are going from first to final offer within 10 days, according to a report by property website Daft.ie. It is quite some development and makes you wonder why prices in Dublin, in particular, have been going south of late.
This is based on figures from Offers by Daft, a platform for buyers to bid on properties directly through Daft.ie. It has seen 10,206 offers made through the platform, since it launched in 2022, on 1,324 properties.
On average, properties advertised on the bidding platform received a first offer within three days of going live and went to a winning offer within 10 days, the report said."
Will this encourage more landlords in Ireland to the sector or simply spook them?
I'm unsure how this helps tenants currently renting? Surely a tenant could offer to buy the property anyway if they had the funds and could match the highest bid?