IAM Sold Property Auctions, which runs the Connacht, Leinster, Munster, and Northern Ireland Property Auctions, still has a number of online auction events taking place before the end of the year. The next Connacht Property Auction will take place on November 19 and the final event of 2020 to be held online on December 17. The company says its online auctions are in high demand over the past few months and are offering buyers and sellers the chance to transact their properties without any need for usual travel and interactions needed with other sale processes.
Sales manager Shane May commented: “In response to the Government’s decision to move the country to Level 5, the Property Regulator (PSRA ) have announced updated guidelines for the property sector. One important guideline to note is property viewings may still go ahead, but the property must be vacant during the allocated viewing time, and all social distancing and HSE/Government procedures are followed. Engineers, BER assessors, and bank appointed valuers may also be permitted to enter properties. With the current housing need and lack of supply, this allows auctioneers to safely market and sell properties where it is safe to do so.”
With the lack of supply in the market currently, the market has seen significant increase in prices over the past few months with the latest Daft.ie report showing that while prices increased by an average of 4.8 per cent from July to September nationwide. Overall, listed prices for Connacht rose by an average of 4.7 per cent in quarter three, with Galway city seeing a quarter-on-quarter change of approximately 3.1 per cent, with Galway County seeing a 2.6 per cent change.
Mr May added: “We are seeing incredible high demand for residential properties, and indeed commercial, throughout the country and Q3 this year has been one of the busiest periods on record. Our online auction platform allows interested parties to download legal documents, raise legal queries with the solicitors, bid on properties, and allows for contracts to be signed - all without the need for human interaction. We feel our online platform is ideally suited in the current situation, allowing properties to transact quickly and efficiently all online. Our unique offering allows to expediate the sale for buyer and vendors and allow for transactions to take place at this difficult time.”
Tirana, Loughbawn, Ballinasloe, Co Galway
Offered at bids over €295,000 in partnership with Keary auctioneers. An impressive four bed detached residence finished to the highest standards throughout and built on a large landscaped site. Presented in pristine condition with a kerbed driveway leading to manicured grounds with garage and a number of timber sheds. The property is conveniently located just off the Dublin to Galway M6 motorway just 30km from Athlone and Portumna and c60km from Galway city.
Ballynasooragh, Eighter, Menlough, Mountbellew, Co Galway
Offered at bids over €195,000 in partnership with Tyrrell auctioneers. This is an extremely spacious four bed detached property in need of internal completion but offers exceptional potential for someone to put their own stamp on a very worthwhile project. Key to the property's appeal is the large 0.5 acre-plus site with spacious front and side driveway and extensive rear garage with loft storage. Situated in the delightful location of Killascobe, the property close to an array of amenities and just 25 minutes from Tuam.
No 71 Hymany Park, Ballinasloe, Co Galway
Offered at bids over €79,000 in partnership with Michael McCullagh auctioneers. A three bed (one bath ) terraced house ideally located close to the town centre and offered to the market in great condition throughout. The property benefits from a neat yard and turf shed to the rear of the house. This property is ideal for a first-time buyer or family home.
The auction team are encouraging property owners to contact them to arrange an initial valuation on 091 882 121, or visit www.connacht propertyauction.ie.