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A crowd of more than 100 people turned up to the latest Connacht Property Auction held last Thursday in The Menlo Park Hotel. In total there were 22 properties offered for sale from across Connacht including Clare, Galway, Mayo, and Leitrim.
The Connacht Property Auction will hold its fourth public auction of the year this evening (Thursday) in The Menlo Park Hotel, Galway. The auction will offer 25 properties for sale across the province including residential homes, commercial properties, and agricultural holdings. With the first three auctions averaging 90 per cent sold, another high success rate will be anticipated at today's auction.
As it prepares to meet growing demands for support from families and individuals this winter, the Society of St. Vincent de Paul (SVP) in Galway will hold two information evenings to recruit volunteers on Wednesday September 23 from 6pm to 8pm in the Westside Resource Centre and Thursday September 23 from 6pm to 8pm in the Menlo Park Hotel.
One of the key national residential property challenges in 2015 is the housing supply shortage which is particularly prevalent in the Dublin and Leinster regions and the cities of Cork, Galway, and Limerick, according to Claire Moran of The Connacht Property Auction. The housing supply shortage is putting disproportionate pressure on the residential rental market nationally, but is most prominent in the urban areas of Dublin, Cork, and Galway city and suburbs. The under-supply of new builds to meet demand is projected to continue throughout 2015 according to several reports, making now a better time for prospective purchasers to buy residential properties, according to Ms Moran.
According to Claire Moran of the Connacht Property Auction it is now obvious among buyers and vendors that the property market and economy generally has finally shown concrete signs of improvement.
The Connacht Property Auction has noted property transactions for the first half of the year in the Republic of Ireland are up by more than a third on the same period in 2014. An analysis of Property Price Register figures shows there were 21,425 sales between January 1 and June 30 this year. This is 34.6 per cent higher than the 15,920 transactions recorded during the same six-month period a year earlier. This shows that confidence is returning to the market both in the major urban areas and also the regional towns and rural areas.
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The Connacht Property Auction has noted a significant uplift in foreign buyers looking to purchase in the west of Ireland. During the months of June, July, and August, the auction team have seen an increase of 40 per cent in enquiries for Galway, Mayo, and Clare from foreign based buyers. The majority of these are from the UK with sterling exchange rate remaining very strong while there are also strong enquiries from Australia, Germany, US, and Canada.
After a very successful launch last year, Strike a Blow is returning in 2015 for its second round and this time your efforts will help the Galway Hospice.