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Just as the company finished 2014 with the final auction of the year in Ireland, DNG Maxwell Heaslip & Leonard is leading the way again this year with the first of its auctions to be held tomorrow in the Radisson Blu Hotel, Galway, at 3pm.

Location: Silver Dale, Cartrontroy, Athlone, Co Westmeath.

The Connacht Property Auction will have its first public auction event of 2015 on Thursday February 26 in the Menlo Park Hotel, Galway. There will be more than 25 properties offered including properties in Mayo, Galway, Roscommon, and Clare. Registration will begin at 6.30pm with the auction starting at 7pm. The auctions are held in the evening to make it as accessible as possible for buyers to attend. Furthermore, for those who cannot attend the auction, the company offers phone bidding and written proxy bidding, to facilitate anyone who is interested in bidding on one of the auction properties.

The Connacht Property Auction will have its first public auction event of 2015 on February 26 in the Menlo Park Hotel, Galway. There will be more than 25 properties offered including properties in Galway, Mayo, Roscommon, and Clare.

With the next public auction taking place on February 26, The Connacht Property Auction has noted a significant number of buyers are looking to purchase quickly, before their mortgage approval expires. With new rules introduced by the Central Bank, buyers will need larger deposits to purchase property. However purchasers with existing mortgage approval can still purchase under the old rules, until their approval expires. The new rules mean first time buyers need a 10 per cent deposit up to €220,000 and 20 per cent on the purchase price over this amount. Other residential buyers need 20 per cent deposits while investors need 30 per cent. There are some cases where flexibility will be allowable, but in general, larger deposits will be needed when purchasing property.

The massive success of O’Donnellan & Joyce’s 2014 auctions seem to have left no doubt in the minds of most vendors that, if you want to sell your property in a reasonably short length of time, the auction route is the way to go.

With just four weeks to go until the next Connacht Property Auction, the auction team are inviting entries for the event which will be held on February 26 in the Menlo Park Hotel, Galway.

O’Donnellan and Joyce’s final all-day property auction of the year on Friday December 12 saw property sales reach €6.2 million. Residential property sales in the afternoon reached €4.5 million, with many first time buyers in evidence around the auction room such was the value on offer. In the morning €1.7 million in property sales was reached with cash buyers and investors Christmas shopping ahead of the December 31 capital gains tax deadline.

The fourth Connacht Property Auction of 2014 was held on Tuesday November 11 in the Menlo Park Hotel, Galway. There has been a lot of positivity in the property market this year and the auctions held by The Connacht Property Auction were proof of this. The auctions in 2014 have had an 87 per cent average sold ratio which each auction offering between 20 and 30 properties. In addition to this, many more properties were sold on the online auctions which are growing in popularity due to the high volume of sales being achieved by the auction team.

Leading local agent DNG Maxwell Heaslip & Leonard is gearing up for its penultimate auctions of 2014, which will take place in the Radisson Blu Hotel tomorrow, November 21, at 3pm.