Monday 25 February 2013

REA Dempsey selling one bedroom apt in Dublin with a reserve not to exceed 55k.

Built by Walls Developments and completed between 2004 & 2006, Burnell Square is a modern development of one, two and three bed apartments. The property is a well presented one bedroom first floor apartment offering surprisingly spacious accommodation that is both practical and well laid out. Extending to c.53sqm (c.570sq ft) with attractive light filled rooms it is situated in a highly convenient location adjacent to Clare Hall within easy access of the city centre and Dublin airport. more info on

Monday 18 February 2013

Tips at buying at Auction

Real Estate Alliance have set out details on a buyers Guide on the REA Auction part of the website. The PDF Buyers guide is available on the website

Friday 15 February 2013

Investment property producing €10,800 PA with €150k in tax allowances to be sold in REA Auction

A Freehold Property entirely let under a single tenancy for a term of 5 years from 2013 at an annual rent of €10,800 p.a. and offering a maximum of €150,000 in tax allowances is to be sold in the REA Auction taking place in The Alexander Hotel, 41-47 Fenian Street (off Merrion Square), Dublin 2 at 12 noon on Tuesday, 5th March. The subject property is a New Build, Town Centre Two Storey Building situated at Main Street, Castlerea Town, Co. Roscommon and comprising 2 no. Ground Floor Commercial Units and 1 no. Three Bedroom First Floor Residence. Maximum reserve is €125,000. Referenced Lot 12 in the REA Auction, solicitor with carriage of sale is Mr. Con Harlow, Conleth Harlow Solicitors, Roscommon Town, Contact No. (090) 66 25939. For further information and to arrange a viewing, please contact: REA Carthy (094) 9625990 or log onto

Thursday 14 February 2013

REA announce Property Lots for next Auction on 5th of March

Real Estate Alliance has just announced that the third of their group Auctions will feature 24 lots. The majority of properties have disclosed reserves of under €50,000 and comprise a range of residential and commercial properties. The cheapest property on offer a 1 bed apartment in Co. Roscommon for €15,000. The auction, the third of REA’s Auctions, will take place in the O’Callaghan Alexander Hotel, Fenian Street, Dublin 2 on the 5th March and is expected to attract a broad mix of buyers including those looking for good commercial business opportunities and also those hoping to secure a residential bargain. More info on

Tuesday 5 February 2013

A record low for house building.

According to he Construction Industry Federation has said 2012 was a record low for house building and expects this year to be lower again. New CIF figures reveal that fewer than 8,500 homes were built last year, the majority of which were once-off houses or the completion of unfinished estates.Records on house building began in 1970 and just under-14,000 houses were constructed that year. That figure was the lowest on record until last year. The CIF says the ESRI estimates that 15,000-20,000 new homes need to be built every year to meet future demand. REA believes this will lead to an increase in the numbers of buy to let style properties. Banks will be releasing more & more of these properties as they will not continue to tolerate interest only payments. This will feed the demand for housing.