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The first Connacht Property Auction was held on November 14 at the Clayton Hotel in Galway. A large crowd attended the event and bidding was strong on the majority of the properties. Of the 27 properties offered, 22 were sold and the auction team confirmed that there have been further offers and bids on three of the unsold lots. More than €2,000,000 worth of property from across the region was sold at the sale and the reserve prices were well exceeded on many of the properties on offer.

O’Donnellan & Joyce’s auction attracted enormous interest on Friday last when the agent placed 18 properties under the hammer. The auction, which was held in the Harbour Hotel, attracted interest locally, nationally, and internationally with significant interest from Irish people overseas who viewed the auction live online on the agent’s website www.odonnjoyce.com. The auction room was packed to capacity with standing room only.

O’Donnellan & Joyce placed 19 properties under the auction hammer on Friday October 4 and sold 16 of these, with a large number of the properties achieving well in excess of what was anticipated. According to Colm O’Donnellan of O’Donnellan & Joyce the properties attracted a phenomenal amount of interest and the company is starting to see prices moving up, particularly around the city area where there was a large number of interested parties bidding on each property.

O’Donnellan & Joyce conducted the most remarkably property auction ever held in the west of Ireland when the company placed 29 properties under the auction hammer and sold 27; the remaining two are under an advanced stage of negotiations.

O’Donnellan & Joyce conducted a remarkable auction last Friday when the company placed 29 properties under the auction hammer and sold 2, with the remaining two are under an advanced stage of negotiations.

O’Donnellan & Joyce conducted a remarkable auction last Friday when the company placed 29 properties under the auction hammer and sold 2, with the remaining two are under an advanced stage of negotiations.

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.

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.”

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.

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.