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Online auction specialist iamsold, which works in partnership with more than 300 auctioneers in Ireland, has noted the market really picking up in the past couple of weeks and expects strong demand for property to continue through February and March. Shane May, sales manager with iamsold, confirmed: “The first two weeks of the year was a bit quieter simply down to the number of people in isolation. However once this eased, we immediately saw the demand from buyers ramp back up to where it left off last year. We are also seeing the number of properties coming to market increase and this bodes well for a busy period ahead.

IAM Sold Property Auctions, which runs the Connacht, Leinster, Munster, and Northern Ireland Property Auction, says it has seen stock levels increase gradually over the past month - up 4.5 per cent from last month but still down 29 per cent on same period last year.

The Connacht Property Auction will hold its first public auction of 2020 next Thursday, February 20, in The Menlo Park Hotel, Galway. The auction will offer properties from across the province including homes, commercial properties, investment assets, and agricultural holdings. Last year the company's auctions averaged a success rate of more than 90 per cent sold, the highest success rate in Ireland, and the auction team are confident that success will continue throughout 2020. The IAM Sold group, which sells properties all over Ireland, Northern Ireland, and Great Britain, was confirmed as the largest auction provider in Ireland and the UK with more than 3,000 sales last year.

The Connacht Property Auction will hold its fifth and final public auction event of the year on Thursday November 21 at 7pm in The Menlo Park Hotel in Galway. Recent years have shown that the months of November and December are particularly strong in terms of property sales, both for residential and commercial property. The auction team are now working with property owners, as well as buyers, who are keen to have a sale achieved between now and Christmas.