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In the recent Focus Ireland report on homelessness it was revealed that one of the primary reasons those experiencing homelessness left their last stable home was due to their landlord selling the property, given the divergence in the treatment for tax purposes of private landlords versus various fund investors in residential property, according to IPAV, the Institute of Professional Auctioneers & Valuers.
Property: 20 Clibborn Way, Moate, Co. Westmeath, N37 EA37
According to the latest Rent Index from the Residential Tenancies Board (RTB), in the October-December period (quarter four) of 2018, the standardised national average rent of tenancies in Mayo was €623 - up from €577 (+€46) one year earlier - and down €9 on the previous quarter (quarter three 2018).
Rooney's currently has two superb investment properties. No 1 Cross Street is a city centre investment property let on a new long term lease to an excellent restaurant covenant. The tenant, Freshii, is unaffected by the sale and enjoys a long term lease from 2017.
The auction sales team at DNG Maxwell Heaslip & Leonard have reported large turnouts at the open viewings over the past two weeks for their upcoming March 7 auction. The highly anticipated auction, which takes place in the Galmont Hotel, is expected to be very well attended with a varied mix of properties going under the hammer.
Property: Hall, Moate,
Buying and selling Athlone property is about to become more streamlined and efficient with the introduction of a new conveyancing system that requires title investigation before contracts are signed.
Independent Councillor, Paul Hogan, slammed Westmeath County Council’s differential rent review during the local authority’s monthly meeting in Athlone.
O’Donnellan & Joyce has recently been shortlisted for the 2018 Irish Independent Property Industry Excellence Awards in the category of Regional Excellence. This is the fourth time the Galway company has been shortlisted in these prestigious awards.