#bidding-transparency
#bidding-transparency

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How estate agents are underestimating asking prices to create bidding wars among first-time buyers

Many homes in Ireland sell above asking price amid buyer frustration over opaque bidding and suspected 'phantom bids' inflating prices.

fromIrish Independent

2 months ago

Average house in Ireland sold every 50 years as report highlights 'lack of transparency in bidding' for homes

The latest MyHome.ie and Bank of Ireland property report found that Ireland's "opaque" process for buying and selling homes is deterring buyers who are confused, frustrated and in limbo, with lengthy delays often the result of the lack of transparency. It found that two-in-five homes put on the market are being sold for 10pc or more above the original asking price and one-in-seven at 20pc above. There were 61,000 residential properties sold in 2024.

Real estate

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#bidding-transparency#bidding-transparency

How estate agents are underestimating asking prices to create bidding wars among first-time buyers

Average house in Ireland sold every 50 years as report highlights 'lack of transparency in bidding' for homes

#bidding-transparency
#bidding-transparency