Fire Sale on Irish Cottages: 12 for $400,000 (That’s $33k Each!)
As a member of our little group, you will know that Ireland's economy and real estate market is in deep distress. Property sales had all but stopped until firesale auctions came to the country in April 2011. After a series of these sales, market clearing prices were set. Sale prices were 50% to 90% less than peak prices. Today, we're two years on... and you can now buy at prices comparable to these auctions through regular channels.