Auction specialists The Leinster Property Auction, note house prices are expected to rise by 4.5% nationwide over the next 12 months.
A recent report by the Central Bank shows that despite some recent difficulties in price trends, notably in more urban areas, house prices are set to continue on a steady but moderate upward trend.
Patrick Folan of The Leinster Property Auction said, “The key focus within the Irish property market in the coming months should be what steps the government will take to increase development and assist mortgage buyers to struggling to secure finance with the new lending rules. We expect that these pressing issue will be addressed in the October budget.”
The next Leinster Property Auction public auction takes place on Thursday, October 6 in the Clarion Hotel, Liffey Valley, Dublin at 7pm.
Three local properties of interest;
Site @ Granard Road, Ballinalee
Offered at bids over €149,000 in partnership with John Columb & Co
A well-positioned, prime development site with excellent planning potential for the construction of 11 residences with access to the public road.
Leader House, Dublin Road, Longford town
Offered at bids over €62,000 in partnership with Farrell Bros Auctioneers
A large retail / office unit available in a popular and sought after location. Leader House is a modern commercial development located just off the Dublin road at the Teffia Park junction.
Offered at bids over €230,000 in partnership with Padraic Davis Auctioneering
Offered to the market this immaculately presented residential farm, comprising of a single storey residence on approximately 20 acres of excellently maintained agricultural land. The property which includes a three bed bungalow has recently undergone a complete refurbishment.