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The Connacht Property Auction held its second public auction of 2015 on Thursday last in Galway city.

With only two weeks to go until the next Connacht Property Auction, the auction team are inviting entries for the event which will be held on Thursday April 23 in the Menlo Park Hotel, Galway. After a busy start to 2015, the auction team are expecting strong interest in the properties on offer. The auction will offer some 30 properties across Mayo, Leitrim, Galway, Roscommon, Sligo and also Clare. After a very successful auction in February where 21 out of 24 properties were sold, the auction team are encouraging people who are thinking about selling to contact them. The company is the only auction provider in Ireland which does not charge admission or marketing fees to enter the auction, making it very appealing to property owners. Furthermore the company also offer an online auction system where all bids are made visible on its website www.connachtpropertyauction.ie.

There was considerable interest in a Main Street property in Ballyhaunis at the first Connacht Property Auction of the year.

The Connacht Property Auction will have its first public auction event of 2015 on Thursday February 26 in the Menlo Park Hotel, Galway. There will be more than 25 properties offered including properties in Mayo, Galway, Roscommon, and Clare. Registration will begin at 6.30pm with the auction starting at 7pm. The auctions are held in the evening to make it as accessible as possible for buyers to attend. Furthermore, for those who cannot attend the auction, the company offers phone bidding and written proxy bidding, to facilitate anyone who is interested in bidding on one of the auction properties.

With the next public auction taking place on February 26, The Connacht Property Auction has noted a significant number of buyers are looking to purchase quickly, before their mortgage approval expires. With new rules introduced by the Central Bank, buyers will need larger deposits to purchase property. However purchasers with existing mortgage approval can still purchase under the old rules, until their approval expires. The new rules mean first time buyers need a 10 per cent deposit up to €220,000 and 20 per cent on the purchase price over this amount. Other residential buyers need 20 per cent deposits while investors need 30 per cent. There are some cases where flexibility will be allowable, but in general, larger deposits will be needed when purchasing property.

With the next public auction taking place on February 26, The Connacht Property Auction has noted a significant number of buyers are looking to purchase quickly, before their mortgage approval expires. With new rules introduced by the Central Bank, buyers will need larger deposits to purchase property. However purchasers with existing mortgage approval can still purchase under the old rules, until their approval expires.

The Connacht Property Auction will take place in the new auction venue of the Menlo Park Hotel, Galway, today, September 18. There are 25 lots confirmed for this auction, ranging from €31,500 to €290,000. The auction team are expecting high levels of interest in the lots on offer, partly due to the property capital gains tax exemption which is expected to end on December 31.

The Connacht Property Auction will take place on June 12 in the Clayton Hotel, Galway, and the auction firm has confirmed strong interest in the lots on offer. The auction will offer a large selection of properties from around the province including residential homes and investments, commercial properties, and agricultural holdings.

The Connacht Property Auction is now taking final entries for its next public auction which will be held in the Clayton Hotel, Galway, on June 12. There is only one week remaining before the auction and property owners wishing to sell should contact the auction team today. The auction will offer residential, commercial, and agricultural properties which will be marketed extensively across Connacht and indeed nationwide leading up to the day of the auction. A fair market reserve is agreed with the owner and the highest bidder secures the property, providing their bid is at or above the pre-agreed reserve price. The auction team are so confident of achieving sales there are no fees or marketing costs to enter the auction.