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A country cottage in Leitrim is to be offered for sale at a reserve price of €7,500 at an upcoming property auction, due to take place in Dublin at the Shelbourne Hotel on Thursday March 1, which will include a number of ‘distressed properties’; also on offer are three Enniscrone Marella Holiday Village two-four bedroom houses, whose individual reserve price is not to exceed €55,000, as well as a Galway city centre two-bed townhouse, located over the Eyre Square Shopping Centre, starting at just €75,000. Also included is a vacant flat in Clifden, €55,000. No Mayo properties are included on the list.

Following the success of its 2011 auctions, leading property expert Maxwell Heaslip & Leonard is set to continue its strong run of form with spring auctions on Friday March 2 and, as usual, the company will be offering a range of properties, with something to suit all potential buyers.

Due to a large volume of recent sales and current demand, Mullery auctioneers is now seeking residential properties for sale in most parts of the city and surrounding suburbs.

O’Donnellan & Joyce predicts that its first auction of 2012 will be busier than ever. Colm O’Donnellan has reported a sharp rise in enquiries on the auction process and he said it seems that auction is now the preferred method for a lot of people who are anxious for a fast sale. Of course it is all down to pricing and sellers have to be realistic on this or sufficient interest cannot be generated.

O’Donnellan & Joyce brought the curtain down on 2011 with a hugely successful auction where it placed 15 properties up for sale and disposed of 11 in the auction room, leaving the remaining four under active negotiation.

Merlin Property, Ireland’s first Irish owned property auction house, held its first auction last week in the Burlington Hotel, Dublin. Bruce Murphy, independent property consultant, previously of Sherry Fitzgerald, Savills, and Ross McParland, acted as auctioneer at the event. Bidding came from the floor, through online and telephone as the auction was streamed live on the Merlin Property website.

Property Partners Maxwell Heaslip & Leonard brought its auction year to a successful close last Friday at the auction rooms in the Imperial Hotel, Eyre Square. An interesting mix of lots was brought to the floor, and the jam-packed room demonstrated the appetite that exists for well-priced properties in central locations.

The eighth property, No 11 McHugh Avenue, Mervue, reached €110,000 but was withdrawn at this point and is currently under active negotiation.

What has been described as a record for agricultural land in the last three years was achieved on Friday at a packed auction room in the Oranmore Lodge Hotel. The auction of c64.55 acres at Bushfield and Moneymore East, Oranmore, achieved a record price of more than €15,000 an acre.

O’Donnellan and Joyce placed nine properties up for auction and successfully sold eight of them at its recent auction in the Victoria Hotel, Eyre Square.