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The Connacht Property Auction team is inviting entries for its next auction on April 23, which will be held in The Menlo Park Hotel, Galway.

The Connacht Property Auction is now taking entries for its next public auction which will be held on April 23 in the Menlo Park Hotel, Galway.

There was considerable interest in a Main Street property in Ballyhaunis at the first Connacht Property Auction of the year.

The first Connacht Property Auction of 2015 was held on February 26 in the Menlo Park Hotel, Galway. Of the 24 properties on offer via the auction company, 21 properties were successfully sold, giving an 88 per cent success rate. The auction team are now taking entries for upcoming auctions taking place on April 23 and June 25. The Connacht Property Auction is the only auction company in Ireland which does not charge upfront costs or marketing charges to enter a property into its auctions.

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.

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.

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With just three 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.