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Enormous interest in the city centre properties in O’Donnellan & Joyce auction

O’Donnellan & Joyce, which is about to hold what is reportedly the largest public property auctions in the west of Ireland, is reporting excellent interest in its city properties from investors and, particularly, first time buyers. There has been a record number of people at the open viewings which are held every week, with investors realising that this could be the last opportunity to acquire properties prior to the next Budget — if they hold the property for a period of seven years they will have no capital gains tax which is a huge incentive, particularly for cash investors.

 

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