The Connacht Property Auction notes improved outlook for 2015

The Connacht Property Auction team is inviting entries for its next auction on April 23, which will be held in The Menlo Park Hotel, Galway.

The auction group, which works in partnership with more than 40 auctioneers across Connacht, reports an improving economic outlook, improved consumer sentiment, and increased levels of mortgage lending.

Patrick Folan of The Connacht Property Auction, says these improving factors have all supported more activity in the property market.

“We envisage extra activity in the build up to Easter, especially from UK buyers who are benefiting from strong exchange rates currently. An increase in the number of first-time buyers within the region is also anticipated, leading to an increasing demand for good family and starter homes of which there is a shortage currently.”

Figures from the Central Statistics Office show in the month of January residential property prices fell by 1.4 per cent nationwide. Despite this fall, residential property prices remain up considerably over the last 12 months, he says.

“ It must also be noted the CSO figures do not take cash buyers into account which makes up a large proportion of sales. Prices are anticipated to continue increasing in 2015 albeit at a more modest rate than 2014.”

The Connacht Property Auction has more than 100 properties for sale in the region currently.

A small selection of them include:

Knockaboy, Gurteen, (Athenry ) Co Galway - offered at bids over €199,000 in partnership with DNG Lyons & Bracken.

Constructed in 2008, this well finished two-storey detached property comprises four bedrooms and extends to c177sq m. Sitting on a c0.5 acre site, is located just a 10 minute drive from the M6 motorway and close to the villages of Gurteen and Attymon (railway station ). The towns of Athenry and Loughrea are also within close commuting distance.

(Lot 1 ) ‘The Blue House’ & (Lot 2 ) Commercial Premises, Bridge Street, Clifden, Co Galway - offered at bids over €99,000 and €130,000 in partnership with Matt O’Sullivan auctioneers.

Two adjoining town centre properties, they are available in one lot or separately, offering an ideal business opportunity for a savvy entrepreneur looking to tap into Clifden/western corridor, while also having the added bonus option of residing nearby,

The two story commercial premises occupy a prime location along Bridge Street on a busy junction adjacent to Clifden’s Showgrounds. Extending to c2,000sq ft spread over two floors. The property is currently trading as a furniture store. Plans to develop the Connemara Greenway, which will run adjacent to the subject property, offer an array of tourist related business opportunities, such as a bike shop, adventure centre with possible incorporated café, information/souvenir outlet. The scheme will provide a huge asset for the community of Connemara. The Western Greenway in Mayo has generated €7 million per year for the local community.

Caltra, Co Galway - offered at bids over €85,000.

This property is for sale in partnership with DNG Lyons & Bracken.

Beautifully finished, three-bedroom cottage, extending to c122.63sq m, is situated with walking distance of Caltra village/national school and less than seven kms from Mountbellew and c20km from Ballinasloe.

This property has been fully renovated and extended in keeping with local architecture. This is the ideal family home with good sized bedrooms, one of which is en-suite and has fitted wardrobes. A spacious kitchen/dining/living room completes the accommodation. Additionally the cottage is well insulated and boasts dual oil fired central heating and solid fuel stove with back boiler.

Contact The Connacht Property Auction 091 882 121 to arrange for a free property valuation. The company also offers an online auction system where all bids are made visible on the website www.connachtpropertyauction.ie

The next public auction on April 23 takes place at the Menlo Park Hotel, Galway at 7pm. Registration starts at 6.30pm.

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