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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 is fast approaching on September 17 and the current list of auction properties are already seeing increased levels of viewings and interest.
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.
IAM Sold Property Auctions, which runs the Connacht, Munster, Leinster, and Northern Ireland Property Auctions, continues to have success via its online auction platform, despite the current restrictions.
IAM Sold Property Auctions, which runs the Connacht, Munster, Leinster and Northern Ireland Property Auctions, is still taking entries for its online auctions, which continue to run frequently throughout Ireland and Northern Ireland. The company is in a unique position to handle sales via its online bidding platform. Buyers can view legal documents before bidding, and once satisfied they can bid via the online auction. The platform also allows for contracts to be exchanged online, making the transaction as easy as possible in the current crisis.
IAM Sold Property Auctions, which runs the Connacht, Leinster, Munster, and Northern Ireland Property Auctions, is implementing some business changes but continues to offer properties for sale via its online auction platform. Company director Patrick Folan commented: “We are very conscious of safety measures needed for staff and the general public, and we have put in place measures with staff working remotely and externally with our network of 300 partner auctioneers across the country.
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 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.