Mass Auction of Re-possessed Houses

The video covers an auction event in Ireland, highlighting the packed auction room and the excitement of bidding. Despite a burst property bubble, there is still significant interest in the market, with properties selling for much less than their previous values. The event attracted global interest, with many overseas buyers looking for opportunities. Notable sales included properties once valued at millions selling for a fraction of their original price. The auction was even relayed to a nearby pub, showcasing the community's engagement. The video concludes with a new dynamic in the market where buyers dictate prices.

What was the atmosphere like in the auction room during the event?

• Formal and reserved

• Packed and lively

• Empty and dull

• Calm and quiet

How did the property prices at the auction compare to their values three years ago?

• They remained the same

• They were higher than before

• They slightly increased

• They were significantly lower

What was the selling price of the property once valued at €1 million?

• €126,000

• €550,000

• €345,000

• €1 million

Why are overseas buyers interested in the Irish property market?

• The market is booming

• There are new construction projects

• The market downturn presents opportunities

• The government is offering incentives

How did some participants engage with the auction socially?

• By placing bids over a pint in a pub

• By attending a formal dinner

• By joining a virtual meeting

• By watching a live stream at home