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It was a case of quality not quantity last week when Don Colleran auctioned properties in some of Galway's most sought after and desirable locations. 

Don Colleran held another successful auction last week, with two city centre properties exceeding their expectation, one by as much as 40 per cent.

The property market in Galway continues to be extremely buoyant with more than 500 residential and commercial properties sold in the city centre and its surrounds in the final six months of 2014.

Don Colleran’s final auction of the year completed what was a very successful year for property sales in Galway. While the focus of this auction was on investors wishing to avail of the capital gains tax exemption before the end of the year, previous auctions held by Colleran’s during the year highlighted the huge demand the company has for quality family homes around the city.

There is less than six weeks left for investors to avail of the Government’s tax incentive where property purchased before the end of the year and held for seven years will be exempt from capital gains tax, which is currently 33 per cent.

It was a real case of quality, not quantity, at Colleran auctioneers’ packed auction last week when five properties in the sought after areas of Shantalla, Claddagh, Newcastle, and Salthill were offered for sale.

Colleran auctioneers will hold its second last auction of the year next week when five very desirable city centre properties go under the hammer in The Victoria Hotel on Thursday October 16 at 3pm. This Saturday offers the last opportunity to attend the open viewings.

The reaction to No 3 Ashe Road, Shantalla, since it was placed on the market just three weeks ago has been incredible. According to Don Colleran the popularity of the property highlights a very strong demand for good quality properties in the city centre.

Colleran auctioneers has been favoured with yet another property in The Claddagh, easily one of Galway's most sought after locations. No 15 Upper Fairhill is a beautiful, bright, two bedroom end of terrace home on a very large site offering lots of potential for further development if required.

Promenade property for sale by auction