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Dublin: 13 °C Monday 6 April, 2020

Allsop signs agreement to end auction protestors' sit-in

The auctioneers have agreed not to sell any properties where there is a legal dispute between the owner and the bank.

An Allsop Space Auction in the RDS in December.
An Allsop Space Auction in the RDS in December.
Image: Mark Stedman/Photocall Ireland

ALLSOP SPACE HAS confirmed this evening that is has signed an agreement with the action group Friends of Banking Ireland after a sit-in at the auctioneers’ office earlier today.

The group of around 25 people occupied the offices on Lower Baggot Street in Dublin today in protest against an auction planned for tomorrow.

After hours of talks, an agreement was signed that no properties in future will be offered for sale where there is a legal dispute in connection with the proposed sale between the registered owner and the bank or receiver.


Click here for a larger version of this image (Image: Tom Darcy)

The auction of 182 properties will now proceed tomorrow at 9am in the RDS.

Robert Hoban, Director of Auctions, Allsop Space, said:“We look forward to the continuation of our fair, open and transparent sales process.”​

There has been controversy surrounding some auctions of distressed properties by the auctioneers in the past with former owners of homes and businesses staging protests.

However Allsop has also signed an agreement with the Irish Mortgage Holder’s Orgainsation not to sell any repossessed homes that had not struck a deal with their bank.

Read: ‘I didn’t do anything wrong’ – Meath man protests auction of family business>

Read: ‘Record breaking’ auction featuring golf club and hotel suite totals €24 million>

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