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The Connacht Property Auction will hold its online auction next week, and according to the auction team inquiry levels have been extremely strong over the last couple of months.
Online auction specialist IAM Sold Property Auctions, which runs the Connacht, Munster, Leinster, and Northern Ireland Property Auctions, says that demand remains strong in the property market post lockdown.
The Connacht Property Auction held its 2020 summer auction last Thursday, July 2. Due to the current restrictions, the auction had to be held online and not in an auction room as normal, but the company saw some record bid levels with more than 75 bids received on some of the auction properties. The auction offered a wide range of family homes, builder’s projects, and land from around the province. The summer months are traditionally the busiest time of year for property transactions, and with a lot of pent up demand in the market, viewing levels and bidding levels are extremely strong at present.
The Connacht Property Auction held its first public auction of 2020 on Thursday in The Menlo Park Hotel, Galway. Of the 17 properties on offer, 14 were successfully sold, giving an 82 per cent success rate for the first event of the year. After a successful run of auctions in 2019, the auction team were expected to start 2020 off in a similar manner and they did not disappoint with strong interest in the majority of lots that were offered.
The Connacht Property Auction will hold its first public auction of 2020 next Thursday, February 20, in The Menlo Park Hotel, Galway. The auction will offer properties from across the province including homes, commercial properties, investment assets, and agricultural holdings. Last year the company's auctions averaged a success rate of more than 90 per cent sold, the highest success rate in Ireland, and the auction team are confident that success will continue throughout 2020. The IAM Sold group, which sells properties all over Ireland, Northern Ireland, and Great Britain, was confirmed as the largest auction provider in Ireland and the UK with more than 3,000 sales last year.
As the year is nearing its end, IAM Sold Property Auction wishes all its clients a happy Christmas and prosperous New Year as the team review the year of auctions for 2019.
The Connacht Property Auction finished its year of public auction events on a high note, selling more than 85 per cent of the lots offered at its final public auction of the year, which took place last Thursday, November 21.
The Connacht Property Auction will hold its fifth and final public auction event of the year on Thursday November 21 at 7pm in The Menlo Park Hotel in Galway. Recent years have shown that the months of November and December are particularly strong in terms of property sales, both for residential and commercial property. The auction team are now working with property owners, as well as buyers, who are keen to have a sale achieved between now and Christmas.
Success was on the cards for The Connacht Property Auction last Thursday, September 13, as the company sold 88 per cent of the lots offered at its public auction in the Menlo Park Hotel. Lots offered included residential properties, commercial buildings, sites, and investment properties from across Connacht including Galway, Mayo, Leitrim, and Roscommon.
The Connacht Property Auction will hold its fourth public auction event of the year at 7pm today (Thursday), in the Menlo Park Hotel, Galway. The auction will offer properties from across the province including residential homes, commercial properties, and agricultural holdings. The auction house has already held three public auctions in 2019, with an average 90 per cent success rate on the lots offered.