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Galway based property firm IAM-SOLD, which currently operates The Connacht Property Auction and The Munster Property Auction, has announced the launch of a new auction in Leinster, with its first public auction event being held on July 23.

The Connacht Property Auction organisers say they have noted a sharp increase in enquiries from buyers over the past few weeks ahead of their auction next week.

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

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.

The Connacht Property Auction will have its first public auction event of 2015 on February 26 in the Menlo Park Hotel, Galway. There will be more than 25 properties offered including properties in Galway, Mayo, Roscommon, and Clare.

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.”

With the next Connacht Property Auction fast approaching on November 11, the auction team are expecting a busy period with viewings and interest in the properties on offer.

The Connacht Property Auction is expecting strong interest at its upcoming November 11 auction due to the Budget announcement regarding the capital gains relief. The capital gains tax relief means buyers who purchase properties in 2014 will not be liable for capital gains for the first seven years of ownership. This relief will come to an end on December 31, and The Connacht Property Auction is expecting strong interest in properties due to this upcoming change. With expected strong interest in the coming months, the auction team is now inviting entries for its ongoing online auctions and upcoming November 11 auction.