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A new report from a leading estate agent shows indications that the coming year could see a lack of property on the open market to meet the rising demand in the Galway property market. The end of year report from Property Partners Maxwell Heaslip & Leonard shows clear indications that the past 12 months have shown a stronger demand for both residential and commercial property than in the previous five years, and that this trend is likely to continue into 2013. The Galway city property experts are highlighting recent sales results and a continuing demand, particularly in the latter half of 2012, as a sign of things to come.

O’Donnellan & Joyce completed the year with another successful property auction last Friday. The company has sold a record number of houses by public auction with more than 100 houses being sold by auction during the year.

The third property to be auctioned is No 11 Cuirt na Tra, Salthill. This two bedroom apartment is situated in the centre of Salthill with every facility that you require outside the door. This modern, spacious, residence would be the perfect starter home or investment property and is better than money in the bank, it would provide an incredible return on your money. The solicitor with carriage of sale is John O’Carroll, Walker O’Carroll & Hogan, 11 Pearse Street, Athlone. The AMV is €85,000. Open viewings take place on Thursdays and Saturdays from 2pm to 3pm.

Colleran auctioneers continued its auction success last week when not alone did all properties sell, but they all sold well in excess of their advised minimum value. “These results certainly reflect what we have been seeing over the last number of months for properties in and around the city,” said Don Colleran. “There continues to be a demand for properties in the established residential areas of the town once properly priced, and this was certainly the case with our auction, with five to six bidders chasing each property, resulting in all exceeding their guide, one by almost 50 per cent.”

The rain and cold wintery conditions of last Friday afternoon did nothing to discourage the assembled crowd in the Imperial Hotel, in the last of the 2012 series of auctions for leading property firm Property Partners Maxwell Heaslip & Leonard.

O’Donnellan & Joyce once again proved the phenomenal interest that there is in properties which are well priced being sold at auction when the company placed 12 properties under the hammer last Friday in the auction room. Ten of these were sold at or well above their guide price.

An auction will take place in McGreal’s Bar, Ballinrobe, on Sunday November 4.

St John’s Community Centre, Lecarrow, Co Roscommon and committee are pleased to announce their fourth annual monster fundraising auction on Sunday November 11.

The crowd witnessed the first signs that things maybe starting to recover in the property market when O’Donnellan & Joyce’s monthly auction was packed to capacity with a large number of investors and owner occupiers bidding on the 14 properties which were sold under the hammer. The belief within the 400 capacity crowd was that now is the time to re-enter the market with properties now starting to give an excellent return at a very low cost base.

St John’s Community Centre Lecarrow, Co Roscommon and committee are pleased to announce their fourth annual monster fundraising auction to take place on Sunday November 11.