A well-known Donegal auctioneer said he is hopeful the property market is edging towards a recovery after the county’s latest auction.
Boyd Robinson of Robinson Estate Agents yesterday held an auction of eight mixed properties including private houses, farms and sites.
Mr Robinson told Donegaldaily that of the eight lots on auction, three had been sold and he hoped to sell another two in the coming days.
“It was a mixed bag but we are very pleased at the way things went overall. The market is still finding its feet.
“Sites and development land is still difficult but there was big interest in the farming land,” he said.
Among the auction lots was a 22 acre farm in Convoy which had an asking price of €220,000 but which sold for €229,000.
Bidding on a house in Newtowncunningham with an asking price of €45,000, the proceeds of which were going tot eh Donegal Hospice, only made €40,000.
However, a deal was later done on this property at an undisclosed price.
Among the lots which failed to sell was two sites in Portsalon, five acres with planning for 11 houses in Portsalon and another site in Kerrykeel.
“Houses at the right price will sell and there is a demand for good farm land so all in all there are reasons to be positive,” added Mr Robinson.
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