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O’Donnellan & Joyce's rental department had an outstanding year last year. The volume of rental stock increased by 25 per cent. While traditional landlords with rent-capped properties have been exiting the rental market, we have seen a substantial uptake of new investors into the market looking to avoid savings depreciation through inflation.

Commenting on the recent CSO Residential Property Price Index for October, IPAV, the Institute of Professional Auctioneers & Valuers, said prices have picked up again as already reported by auctioneers.

O’Donnellan & Joyce started building its foundations more than 50 years ago when Colm O’Donnellan and Tony Joyce became friends. Little did they know they would celebrate more than 40 years in business.

O’Donnellan & Joyce's rental department had an outstanding year. The volume of rental stock increased by 40 per cent. While some landlords are exiting the rental market, there has been good activity with investors looking to avoid savings depreciating through inflation.

O’Donnellan and Joyce witnessed a lot of inquiries for every property brought to the rental market. This of course varied on price range but rents overall were stronger than 2020. By Q2 2021 the market was back in full swing with a huge demand for properties and high prices being achievable. Where no restrictions applied, the rents exceeded previous prices achievable. This shows the pent up demand there was and the need for accommodation.

In the recent Focus Ireland report on homelessness it was revealed that one of the primary reasons those experiencing homelessness left their last stable home was due to their landlord selling the property, given the divergence in the treatment for tax purposes of private landlords versus various fund investors in residential property, according to IPAV, the Institute of Professional Auctioneers & Valuers.

O’Donnellan & Joyce auctioneers and Grant Thornton recently held a public conference in Harbour Hotel for anyone interested in investment properties and self-administered pensions. The John B Keane room was packed to capacity with 152 attendees.

Homelessness is a very real problem in Mayo but it is not presenting itself in a stereotypical way, as individuals sleeping rough on the streets or in parks.

According to the property price register at the end of August, the number of property sales for both Galway city and county is showing a dramatic increase year on year. The register gives the exact selling price of properties and so is the most accurate record of actual sales that have taken place.

With over half of city private rented properties and 82 per cent of county rented properties failing local authority inspections,Threshold Galway is calling for an NCT-style inspection process to place more responsibility on landlords to ensure that their property meets the standards required.