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House prices increase by up to 100,000 euros in the last few seconds of property auctions

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There are fears that ‘panic bids’ placed in online auctions are driving up house prices amid calls for more regulation of the home buying process in Ireland.

House prices can rise by as much as €100,000 from online bidding wars when a flood of offers is made in the final minutes or even seconds before a “deadline” set by real estate agents.

https://www.independent.ie/news/home-prices-rise-by-as-much-as-100000-in-last-seconds-of-property-auctions-41512780.html House prices increase by up to 100,000 euros in the last few seconds of property auctions

Fry Electronics Team

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