The Leinster Property Auction is expecting an uplift in enquiries from buyers over the next few weeks as it heads into the final public auction of 2016
The group currently has a number of local properties and sites on its books including a site at Granard Road in Ballinalee.
Offered at bids over €149,000 in partnership with John Columb, the site has attracted lots of attention in recent weeks and is described as a well-positioned, prime development site with excellent planning potential for the construction of 11 residences with access to the public road.
The site is conveniently situated within walking distance to Ballinalee village where all local amenities are readily available.
Patrick Folan from The Leinster Property Auction added: “Without fail over the past number of years there has been a significant increase in enquiry levels during the months of October and November versus August and September.
“One of the most anticipated budget announcements was the new ‘help to buy scheme’ for first-time buyers,” Mr Folan continued.
This scheme will hopefully give a helping hand to first time buyers attempting to get on the property ladder by offering a tax rebate of up to €20,000 towards a deposit on newly built homes.”
In recent weeks, the Government also allocated €50 million for a local housing activation fund. Mr Folan said it will help provide for the build of 20,000 homes by 2019.
“I do believe,” he added, “that these new measures will improve the housing issues, however there are still major hurdles we need to cross in terms of supply and access of funding for buyers.”
For more details, contact The Leinster Property Auction on 01 687 5040 or visit www.leinsterpropertyauction.ie.
The next auction is on December 1 at the Clarion Hotel, Liffey Valley, Dublin at 7pm. Registration at 6pm.
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