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The Connacht Property Auction held its second public auction of 2015 on Thursday last Galway city. In total there were 25 properties offered for sale, and as the spring season settled in the auction team noted increasing demand from both local buyers and those from further afield including the UK and US.

The first Connacht Property Auction of 2015 was held on February 26 in the Menlo Park Hotel, Galway. Of the 24 properties on offer via the auction company, 21 properties were successfully sold, giving an 88 per cent success rate. The auction team are now taking entries for upcoming auctions taking place on April 23 and June 25. The Connacht Property Auction is the only auction company in Ireland which does not charge upfront costs or marketing charges to enter a property into its auctions.

IAMSOLD Property Auctions held its first Connacht Property Auction on November 14 2013, when 22 of the 27 properties offered were sold successfully. Since then the company has seen phenomenal growth and is fast becoming one of the major auction providers in Ireland.

The fourth Connacht Property Auction of 2014 was held on Tuesday November 11 in the Menlo Park Hotel, Galway. There has been a lot of positivity in the property market this year and the auctions held by The Connacht Property Auction were proof of this. The auctions in 2014 have had an 87 per cent average sold ratio which each auction offering between 20 and 30 properties. In addition to this, many more properties were sold on the online auctions which are growing in popularity due to the high volume of sales being achieved by the auction team.

With the next Connacht Property Auction fast approaching on Tuesday, November 11, the auction team are expecting a busy period with viewings and interest in the properties on offer. The Connacht Property Auction work in partnership with more than 40 auctioneers in Connacht offering properties for sale in Mayo, Galway, Roscommon, Leitrim, Sligo and even creep into Clare. Patrick Folan from The Connacht Property Auction noted: “Our last auction in September was hugely successful with 20 of the 23 lots sold. Furthermore, two of the three properties which were not sold at the auction, have since been sale agreed via our online auctions. Our online auctions are running continuously and are a great option for homeowners looking to sell their properties before Christmas.” Mr Folan went on to say: “We are currently taking entries for our auctions and invite homeowners to speak to us now if they want to be sold before the end of the year. We sell over 60 per cent of our properties through our online auction and properties can also go forward to our public auctions which we run regularly throughout the year.”

O’Donnellan & Joyce’s last auction of the year, which will be held on December 12 in the Harbour Hotel, is expected to attract enormous interest from buyers, particularly investors and first time buyers, as it will be the last opportunity for investors to acquire properties with the Government tax incentive whereby those holding a property for seven years will be exempt from capital gains tax on any profit made on disposal of the property.

The Connacht Property Auction is now taking entries for its next public auction which will be held at 7pm on Tuesday November 11 in the Menlo Park Hotel, Galway city.

The Connacht Property Auction is now taking entries for its next public auction which will be held at 7pm on Tuesday November 11 in the Menlo Park Hotel, Galway city.

The third Connacht Property Auction of 2014 was held on September 18 in the Menlo Park Hotel, Galway. The auction team noted strong interest in the lead up to the auction and indeed most of the properties on offer were successfully sold. Interestingly there were in excess of 300 recorded viewings on the various properties in the lead up to the auction which shows the pick-up in demand for properties. Of the 23 properties on offer, there were six properties in Galway and seven in Mayo, along with properties in Clare, Roscommon, Leitrim, and elsewhere around Connacht.

Promenade property for sale by auction