REA Sothern Auction Seven Oaks Hotel, Carlow 7th August, 2014 at 3:30 p.m.

PLEASE NOTE AUCTION TIME CHANGE FROM 12:00 PM TO 3:30 PM

Lot 1: C. 8.9 acres (3.6 HA) at Castleroe West, Maganey, Co. Kildare AMV:€70,000
Lot 2: C. 16.4 acres (6.26 HA) at Crooket, Maganey, Co. Kildare AMV:€115,000
Lot 3: Castleroe East, Maganey, Co. Kildare AMV:€65,000

More Details

THREE LOTS FOR SALE BY AUCTION WITH REA SOTHERN

For Sale by Public Auction, Seven Oaks Hotel, Carlow

7^th August, 2014 at 3:30 p.m.

Solicitor: Cyril Osborne, RA Osborne & Son, Athy, Co. Kildare

Lot 1:

C. 8.9 acres (3.6 HA) at Castleroe West, Maganey, Co. Kildare

In one division, these lands offer an opportunity to adjoining/nearby farmers to add to their existing holding.

The lands, which are slightly elevated offer superb views of the Killeshin hills to the west, perhaps allowing a qualifying applicant to construct a dwelling, (subject to PP).  The lands are approx. midway between Carlow and Athy, near the Three Counties pub and Levitstown.

AMV: €70,000

Lot 2

C. 16.4 acres (6.26 HA) at Crooket, Maganey, Co. Kildare

Set out in one division, these lands have frontage to two roads.  Though in need of some reclamation, neighbouring lands show what can be done. Suit neighbouring farmers, or those in the vicinity looking for an out-farm.

AMV: €115,000

Lot 3

Castleroe East, Maganey, Co. Kildare

2 bed cottage on c. 0.6 acre (0.25 HA) site in need of complete renovation.  Situated in a particularly scenic area with Kilkea, Athy and Castledermot to the north and Carlow town to the south.  Though in need of renovation, this fact is reflected in a low reserve.  This fine site offers potential, and due to its elevation has lovely views of the surrounding countryside.

AMV: €65,000

Successful Auction at Ard Gaoithe, Clonmel - c.75 acres for €1,565,000

c. 75 Acres at Ard gaoithe Clonmel, Tipperary sold at auction by REA stokes & Quirke today for €1,565,000
http://www.realestatealliance.ie/commercial/brochure/2855816

REA members hold auctions for clients in 50 locations nationwide

Real Estate Alliance members can sell your property by private treaty or by auction. Talk to your local agent about the auction process as this may be a more suitable vehicle to sell your property or land.

South East Regional Auctions in Friday 18th July Results

REA’s South East Regional Auctions in Friday 18th July

Venue “Dooley’s Hotel, Waterford City on Friday 

7 properties were withdrawn by client the morning of the event. 8 Properties went under the hammer. 5 sold at Auction. 

Lot No.	Property	Status	Price
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15	Upper Main Street, Graiguenamanagh, Co. Kilkenny. 150 The Laurels, Tullow Rd, Carlow. Upper Kilree Street, Bagenalstown, Co. Carlow. Murphys, Castlehill, Carlow. U2, Site 7, Askea Bus Park, O’Brien Rd, Co. Carlow. U3, Site 7, Askea Bus Park, O’Brien Rd, Co. Carlow. 2, St.Catherines Hall Waterford. 49/49A, Spring Garden Alley, Waterford. Hobble Court, Leamy Street, Waterford. Clogheen Service Centre & Oil Depot Killenaule, Co. Tipperary Main Street, Coolgreany Spa Bar, Johnstown Main St., Rathdowney, The Whiskey Shop, Crettyard,Co Laois	W/D W/D SOLD W/D W/D W/D SOLD SOLD W/D W/D W/D SOLD W/D W/D SOLD	€50,000 €55,000 €52,000 €56,000 €30,000

REA South East Auction Disrupted by Land League.

Last Friday’s REA’s Regional Auction held in Dooley’s Hotel in Waterford on the 18th of July 2014

took an unexpected twist when members of the land league objected to the properties being offered for sale. The auctioneer appointed to sell the lots, Harry Sothern, engaged with the protesters and asked them which specific properties had they a problem being offered for sale. Solicitor, John Foley, Bagenalstown, challenged the protesters, as he was acting for vendors of a pub in Graiguenamanagh, which was not a repossessed property.

After some exchanges, the protesters agreed that they would not object to any property being offered for auction, unless a former owner objected from the floor of that property being offered for sale.

Mr. Sothern agreed to commence the auction and ask the floor first if there were any objections to the property being sold.

He proceeded to offer each lot without any objection being raised from the floor, and the auction proceeded smoothly from there on. Mr. Sothern indicated that the REA group are very careful about the properties that they take in for sale, and avoid contentious repossessions. He went on to say that many former owners of repossessed properties are keen to have finality which requires repossessed property to be sold.  Many of the repossessed properties are buy to lets and part of a portfolio held by individuals that can no longer afford to service the repayments, or in many cases, even interest only.

In order for the market to return to something approaching normality, all of these properties must be sold. Harry Sothern is MD of REA Sothern, 37 Dublin Street, Carlow.

REA June 2014 Property Survey

REA June 2014 Property Survey

Price increases for houses in the commuter counties around Dublin have outstripped those in the capital for the first six months of the year, according to a national survey carried out by Real Estate Alliance.

The price of an average three-bed semi in Irish towns and cities has risen by 11.12% to €170,074 since the end of December, the Real Estate Alliance Average House Index has found.

The survey of 50 REA members nationwide also reported a 20% increase in mortgage-financed sales and a 32% reduction in selling time for properties since the start of the year.

The REA index concentrates on Ireland's typical stock home, the three-bed semi, giving a picture of the property market in towns and cities countrywide.

In Dublin city, the average three-bed semi is now costing €348,333, an increase of 11.76% on the December figure of €311,667.

However, in the commuter counties and smaller cities like Cork and Galway, three-bedroomed semis have increased by 15.54% to an average price of €182,353 in the first six months of the year.

“The shortage of supply of starter homes in the commuter belt and large urban areas such as Cork and Galway is every bit as challenging as the situation in Dublin,” said Real Estate Alliance CEO Philip Farrell.

“In many cases we are now seeing increases in value which exceed that of Dublin.

“There is further evidence of a three-tier market in existence, with urban areas in the rest of the country seeing half of the growth of the commuter belt with values at an average of €106,345, up 6.57% in the first six months.”

Three-bed semis have seen a rise of 19.69% across the country over the past year, while prices in Dublin city rose by 21.16%.

The average price of a three-bed semi is now €170,074 nationally including Dublin, an increase of 17,018 (11.12%) on the end-Dec 13 figure of €153,056.

The average three-bed semi in Dublin now costs €348,333 – a jump of €36,666 since the start of the year.

Three beds in Tallaght and the Dublin 24 area have jumped by 25% from €160,000 in December to €200,000 at present.

"Tallaght, in particular, is reflecting a huge shortage of property on the market, particularly family homes,” said Philip Farrell.

“Rents are also increasing making it cheaper in many cases to buy than rent.

“Prices are also being influenced by the fact that there was very little property moving in the area a year ago.”

The average property is now taking just nine weeks to sell nationwide, on average nearly 32% quicker than six months ago, while in Dublin, the time taken to sell has halved from eight weeks at the turn of the year to just four now.

While there has been a sharp annual rise in the amount of distressed properties being sold on the market (up 32.45% nationally), most of that growth was in the back end of last year, and the rate of increase this year has slowed to just 7.56%, showing a return of the private seller in greater numbers.

There is hard evidence that the banks are financing house buyers to a greater extent with the amount of cash transactions dropping from an average of 66% in Dec 13 to 53% in June 2014.

“In Dublin, mortgage transactions now make up 49% of all sales, and we are seeing hard evidence that the banks are lending in increasing numbers,” said Philip Farrell.

“Nowhere is the increase in bank lending more keenly felt than in the commuter belt, Cork and Galway, with 55% of all sales now being financed by mortgages.

VIew More Details

REA Stokes & Quirke join Ireland’s fastest-growing property network

REA Stokes & Quirke of Clonmel are the latest firm to join Ireland’s fastest-growing national property network, Real Estate Alliance.
Real Estate Alliance (REA) is Ireland’s leading property group of Chartered Surveyors with over 50 branches nationwide, comprising many of the country’s longest-established auctioneers and estate agents.
John Stokes of REA Stokes & Quirke believes the move will bring real benefits to property buyers and sellers in the Clonmel area.
“We are now able to offer customers an even better service as we combine the benefits of our local knowledge and expertise with the extra exposure and experience that this nationwide property group brings,” said John .
Welcoming the company to the alliance, REA Chief Executive Philip Farrell praised REA Stokes & Quirke’s experience and trusted brand.
“We are delighted to have REA Stokes & Quirke on board, they represent the type of experienced, professional and qualified firm which Real Estate Alliance is proud to be associated with,” he said.
“Our continued emphasis on quality before quantity is a critical to the success of Real Estate Alliance, as all REA firms are members of the Society of Chartered Surveyors Ireland (SCSI).”
John Stokes believes the firm’s business will be further strengthened as a result of joining REA.
“Our membership of Real Estate Alliance will enable us to share market knowledge with the leading property firms in the country, seize new opportunities for our clients, speed up the sales process and have better access to corporate decision makers.”
Established in 1896 REA Stokes & Quirke is a long established family firm of auctioneers, chartered surveyors and estate agents based in Clonmel County Tipperary. REA Stokes & Quirke is based at Sarsfield Street, Clonmel and specialises in residential, commercial & Agricultural, lettings and property management.  John Stokes is a member of the Royal Institute of Chartered Surveyors and the Society of Chartered Surveyors of Ireland.
John maintains REA’s progressive and aggressive approach in the marketplace is a vindication of their belief that a better future is ahead of us, both in terms of the economy and the property sector.
“REA are visible, innovative, effective, and their nationwide view on the market through their continued surveying is one that provides a realistic and trustworthy message to both buyers and sellers.

“As a member REA Stokes & Quirke will now be in a position to offer an even better service, thanks to the training and marketing expertise that membership of the alliance brings.”

REA BROPHY FARRELL OPEN NEW OFFICE

REA Brophy Farrell has opened a second office in Naas, Co. Kildare thanks to an improving property market.

Principal of REA Brophy Farrell, Brian Farrell said the company is looking forward to the future. “In light of the upturn in the property market we feel we can better serve our clients with two marketing offices,” said Brian. “This is a very positive development in view of the recessionary times we have seen over the last six or seven years”.

The long established practice has been selling property in Naas for over 60 years. Tom Brophy started the auctioneering business in Newbridge in 1952 and in 1982 the practice became ‘Brophy Farrell’. “We are delighted to be opening a second marketing office to better serve our expanding business in the greater Naas area,” said Brian

The business now employs 6 people and covers all of County Kildare, and particularly the towns of Naas and Newbridge. “From our many years in business we know that a client needs to have complete trust in their property advisor,” said Brian. “At Brophy Farrell we specialise in giving a personal and honest service , with the experience we have built up over many years, we enable people to achieve their goals.”

A native of Naas, Brian Farrell has watched the town grow hugely since he started in business in 1978. “Naas now has a population of 20,000 but while there have been many changes, the requirements of clients are still the same. “Whether they are a corporate client or private client, it all boils down to trust in their property advisor.”

In 2003 Brophy Farrell joined Real Estate Alliance, a nationwide group of chartered surveyors. In 2013 Brian was joined by Elaine Gillespie Assoc. SCSI. Elaine formerly worked for Lisney and specialises in Residential sales and valuations.

           

Brian Farrell said the opening of another Naas office along with their branch in Newbridge will enable the firm to better serve their long established, client base and to expand that service further.“Our membership of Real Estate Alliance enables us to share market knowledge with the leading property firms in the country, to seize new opportunities for our clients, speed up the sales process and have better access to corporate decision makers.

Further information:

Brian Farrell – REA Brophy Farrell, 045 431327

Eimer O’Keeffe – eimer@realestatealliance.ie 086 8249040

SUCCESSFUL AUCTION OF C. 49 ACRE FARM AT GORTNAGERAGH, DOON, CO. LIMERICK.

REA JOHN LEE SOLD THIS RESIDENTIAL HOLDING UNDER THE HAMMER FOR €290,000.

The property is best described as upland agricultural land with a right of way running through the middle of it and some very high land in most parts. It is part bisected by the public road with heavy rushy land below the road. There is a uninhabitable derelict residence in the centre of the property. 

Bidding opened at €120,000 and continued in €10,000 increments with two bidders to €210,000. From this it proceeded in €5,000 bids to €235,000. The vendors were consulted and further offers were sought. With further bidding it proceeded to €260,000 at which point it was declared on the market. The hammer eventually fell at €290,000 to a neighbouring person who is not a full time farmer. In all there were two bidders with a number of onlookers.

This was seen as an exceptional price as the initial guide was €240,000 - €250,000

REA has announced the addition of four new offices to its national roster

Ireland’s fastest-growing network, Real Estate Alliance, has announced the addition of four new offices to its national roster.

Real Estate Alliance (REA) is Ireland’s leading property group of Chartered Surveyors with over 50 branches nationwide, comprising many of the country’s longest-established auctioneers and estate agents.

The innovative group this week unveiled new offices in Clonmel, Westport, Naas and Carrickmascross, adding to its growing national footprint.

“We are delighted to have these new members on board and they represent the type of firm which Real Estate Alliance is proud to be associated with – experienced, professional and qualified,” said REA CEO Philip Farrell.

 “The combination of business being distributed to REA agents from central office, together with the requirement that all agents must be accredited Chartered Surveyors is proving a major attraction to new members.

“Members enjoy the fact that Real Estate Alliance is different from other property groups and they can tap-in to the wealth of knowledge within the group which is particularly useful in valuation work.

“The new agents who have joined our network are REA Stokes & Quirke in Clonmel, REA Olivia Needham in Westport and in Naas REA Brophy Farrell have opened a new office in addition to their Newbridge outlet. REA Gunne Property in Carrickmacross have opened up a new office in addition to their office in Dundalk.

“The recent addition of our new Property Tracker system that interfaces with the clients to give real-time reports to banks and receivers, allows agent and client to deal with sales and management in a much more efficient manner.”
John Stokes of REA Stokes & Quirke in Clonmel has joined the Alliance due to the Group’s increase presence and expert take on the property market.

“We feel that the progressive approach which REA are currently showing in the market place is a vindication of their belief in the positive future which is ahead of us, both in terms of our economy and the property sector,” he said.

“REA are visible, innovative, effective, and their nationwide view on the market through their continued surveying is one that provides a realistic and trustworthy message to both buyers and sellers.”

Available for interview:

Philip Farrell, CEO Real Estate Alliance, 086 250 3515, philip@realestatealliance.ie

For further information on exhibition contact:

Eimer O’Keefe, Real Estate Alliance,  086 8249040 / eimer@realestatealliance.ie

Roebuck Hill House sells at Auction for €1.19m

REA O'Donnell Roebuck Hill House, Clonskeagh, Dublin 14 at auction for €1.19m on the 7th of May..

Keys Facts

• Georgian House of 595 sq m/ 6,404 sg ft

• Grounds  approx. 0.356 Hectares / 0.88 acres

• AMV €750,000

• 4 bidders

• 34 bids

• Sold for €1,190,000

http://www.myhome.ie/residential/brochure/roebuck-hill-house-roebuck-road-clonskeagh-dublin-14/2785850

REA O'Shea O'Toole sells south Co. Kilkenny land sells for €17,820 per acre

REA O'Shea O'Toole in Waterford sells land at Auction for €17,820 per acre At Aucton on the 30th of April. 

Keys Facts

• 13.3 acres in three fields

• High quality land in grass

• Located in Mooncoin village 11 km west of Waterford City

• Reserve €133,000

• 3 bidders

• 36 bids

• Sold for €237,000

• Buyer – In Trust

• Planning Permission for 42 retirement homes

• Selling Agent – REA O’Shea O’Toole

The subject lands are located in the village of Mooncoin, Co. Kilkenny approx. 11km

west of Waterford City in close proximity to the N24 Limerick Road. The land was

offered with a guide of €133,000 at Auction on Wednesday 30th April by Des O’Shea

of REA O’Shea O’Toole and was bought in trust for €237,000. The under bidders

were local farmers.

Kilkenny land sells for €19,772 per acre

REA Boyd’s sold a 22 acre parcel of high quality grassland today at auction for €435,000 or €19,772 per acre.

The land at Grovine, Kells Road, Kilkenny about 3 miles from the city was offered with a reserve of €250,000 for sale by public auction at the city’s Club House Hotel. The lands were in a clean rectangular block of two fields of high quality grassland in great heart. A ruined cottage and a three span haybarn were included.

The land previously had planning permission for a nursing home that had lapsed some years ago. The agents felt that it only had an agricultural basis and took that approach in selling for receivers Deirdre Sheahan and David Swinburne of KPMG.

The packed auction room saw bidding open immediately at €200,000 and it advanced in bids of €10,000 to €250,000 when the property was declared on the market. Bidding continued swiftly in twos, threes, fives and tens between the two initial bidders until €275,000 when a new bidder entered. The opening bidder drove on to €400,000. A moment’s pause for breath saw a fourth bidder enter and the opening bidder fell out. The third and fourth bidders slugged it out in a mix of twos fives and tens until €425,000. The second bidder, an auctioneer was out of steam.

Michael Boyd offered him time to go and make a phone-call. After a few minutes he returned and trumped all with a bid of ten thousand euros clear to bring the hammer down at €435,000. It was all over in about 15 minutes.

Mr Boyd said; “This was a rare parcel of the highest quality in an area of high demand. Only 4 people got a chance to bid but there were many more bidders in the room for land in this area. Our approach was based on knowledge of the locality and confidence in the will to sell as demonstrated by the low reserve. Everyone looking at this land was confident that time spent looking at it was not wasted. This land was genuinely for sale.

All bidders were farmers or representing farmers and the neighbouring farmer bought it through to extend his holding.”

KEY FACTS

·        22 acres with a haybarn and ruined cottage

·        High quality land all in grass

·        3 miles from Kilkenny City

·        Reserve €250,000

·        4 bidders

·        41 bids

·        Sold for €435,000

·        Buyer; neighbouring farmer

·        Type of bidders; All farmers.

FOR FURTHER INFORMATION; Michael Boyd 0872611699

ENDS

REA Regional Auction in Carrick on Shannon

Friday April 25^th

Bush Hotel, Carrick on Shannon, Co. Leitrim

Lot 1 :

No. 8 Kilkenny Close, Castlebar, Co. Mayo
Quality 3 Bed home in excellent Location (REA Carthy)

Reserve €100,000

Lot 2 :

Ex RDF Building at Church Street, Longford Co. Longford
On the Instructions of the Dept. of Defence. (REA Brady)

Reserve €75,000

Lot 3 :

Knockmore, Castlerea Town, 7 Bedroom Bungalow, (Former Nursing Home).
Quality Location with Great Potential. (REA Carthy)

Reserve €50,000

Lot 4 :

Tarmon Manor, Castlerea, (as per seamus text) (REA Carthy)

Reserve €50,000

Lot 5 :

Lands at Gortleck, Cootehall, Co. Roscommon,
containing c. 10.2 Acres.
On the instructions of the Estate of Mr. Andrew Kerrigan (Deceased) (REA Brady)

Reserve €34,000

Lot 6 :

House and Lands at Gortleck, Cootehall, containing c.15.5 Acres
On the instructions of the Estate of Mr. Andrew Kerrigan (Deceased) (REA Brady)

Reserve €66,000

Lot 7 :

The combination of Lots 5 & 6 (REA Brady)

Reserve €100,000

Lot 8 :

c. 96 Acres of Agricultural Land at Farrangalliagh & Faus, Boyle, Co. Roscommon (REA Carthy)

Withdrawn

REA Brady: (071) 96 22 444

REA Carthy: (094) 962 5990

€746,000 worth of property sold today at REA Limerick Auction

The first North Munster Regional Auction of 2014 was held today in the Limerick Strand Hotel and proved to be a huge success with 77% sold at auction & 15% immediately after auction to the highest bidder giving a 92% success rate.

In summary there were 15 Lots, 2 of which had to be withdrawn prior to auction, 10 properties were sold at auction & 2 sold to the highest bidder immediately after. One property remains unsold but we are presently negotiating with an attendee at the auction.

The total capital value of the Lots was €746,000, the highlight of the auction were  4 High Street, Caherconlish which achieved 97% over its reserve & 56 Caislean na hAbhainn which achieved 25% over their minimum reserves. 

According to Michael O'Connor of REA O'Connor Murphy " We are delighted with our results today. The large attendance proves that there is once again an appetite in the North Munster region for property investments.  We look forward to our next North Munster Auction in June of this year to be held again in the Limerick Strand Hotel".

Lot Number	Property	First Bid	Last Bid	Status	Min Res	diff	%
1	45 Ard Aulinn	€90,000	€114,000	Sold	€99,000	€15,000	15
2	Barrack Street	€30,000	€35,000	Sold	€35,000	€0	0
3	307 Aviary House			Withdrawn prior to auction
4	56 Caislean na hAbhainn	€62,000	€81,000	Sold	€65,000	€16,000	25
5	Glebe View			Sold to highest bidder after auction
6	80 Ard Aulinn	€90,000	€95,000	Sold	€95,000	€0	0
7	Railway Road			Currently negotiating
8	27 Clonmacken Ct	€62,000	€65,000	Sold	€65,000	€0	0
9	Lock House	€10,000	€28,000	Sold	€15,000	€13,000	87
10	Unit 9/10 Ashbury	€43,000		Sold to highest bidder after auction
11	311 Aviary House			Withdrawn prior to auction
12	4 High St	€25,000	€49,000	Sold	€25,000	€24,000	97
13	112 Richmond Ct	€25,000	€30,000	Sold	€30,000	€0	0
14	88 Ard Aulinn	€95,000	€99,000	Sold	€99,000	€0	0
15	138 Carraig Midhe	€55,000	€70,000	Sold	€60,000	€10,000	17
			€666,000

Property prices up 6.2% outside Dublin as three-tier market emerges

The first signs of a nationwide property recovery in 2014 has been confirmed with one national estate agency group reporting a 6.2% annual price increase outside Dublin – as a three-tier market emerges.
A survey of 48 Real Estate Alliance members nationwide has reported a mini-boom in the residential market around the country since mid-January, with average viewing numbers up by 84%.
“We are now moving from a two-tier market to a three-tier one for the first time, with Dublin, a large commuter ring and large urban areas nationwide, and then the rest of the rural areas all showing different levels of positive activity,” said Philip Farrell, Real Estate Alliance CEO.
“Our agents are reporting an increase in supply of 11.5%, with average prices for closed sales rising by 6.2% on the spring selling period last year – the bulk of which has happened since mid-January.
“Each property is now attracting 13 viewers on average, up from seven in 2013, and this has enabled some agents to organise block viewings – something we haven’t seen since the height of the boom.
“Our survey shows that the average time it takes for sale agreed has dropped from 17 weeks in 2013 to an average of ten in 2014.
“We are seeing an increase in bank-funded buyers on the ground which has led the previously strong cash buyers figure to drop from 70% to 56% of the market. 
“In larger urban areas nationwide there is a release of pent-up demand as people begin to make moves to secure property in desirable areas.
“We are also seeing a marked increase in market sentiment, which hit rock bottom last year.
 “Viewing numbers are up, AMVs are being achieved, and exceeded in some cases, with an increase in both first and second-time buyers.”
“While there is an increase in activity overall, there are still some counties which are slow to perform price-wise. 
“This is generally due to over supply in these areas and a lack of demand as potential buyers don’t have the same access to the same amenities that many urban areas provide.”
Real Estate Alliance (REA) is Ireland’s leading property group of Chartered Surveyors with almost 50 branches nationwide, comprising many of the country’s longest-established auctioneers and estate agents. 
REA O’Brien Collins in Drogheda has reported that a property with an asking price of €80,000 had 41 viewers, attracted 10 bids and sold for €100k after 30 days on the market.
REA Celtic Properties in Bantry have reported sufficient interest to organise block bookings for the first time in five years.
“Take the case of two identical holiday homes in Milford, Co Donegal. One attracted two viewings and one offer last spring and sold for €100,000. This year, a neighbouring property received 10 viewings, and four offers before selling for €111,500” said Philip Farrell.
“In Meath, REA T&J Gavigan are reporting that the average price for a 
three-bed semi-detached in Kells last spring was 100k. That has now risen to €110,000 with strong demand.
“In Limerick, REA O’Connor Murphy are seeing a substantial increase in demand in the prime locations such as the North Circular Road and Ballyclough. This high-end increase is also being reported around the country, in areas such as Drumconora and Barefield in Ennis and Dungarvan.
“In Cork, REA O’Donoghue and Clarke are reporting a 15% price increase, with supply up 20% on last year. Demand is high for three-bed semis and also small sites around Cork city and we are seeing five weeks on average to sale agreed.
“In the coastal areas in particular, we are seeing a large increase in enquiries from the UK – due both to our recent London Property Exhibition and also our tie-up with rightmove.co.uk.
“However, our survey also sees a lot of members predicting a shortfall of supply in their areas due to lack of three and four-bedroomed new developments coming through.”

NORTH MUNSTER REGIONAL AUCTION 3rd APRIL IN LIMERICK

Real Estate Alliance are holding our first North Munster Regional Auction of 2014 in the Limerick Strand Hotel on Thursday the 3rd April at 12.00. For further information contact REA O'Connor Murphy on 061 279300 or info@reaoconnormurphy.ie

http://www.realestatealliance.ie/national-property-auction/

REA TE POTTERTON AUCTION RESULTS

Auction Results from 25th February

5.5 acres with derelict res and yard at Ballybrittas, Kildalkey SOLD €55,00055 acre res dairy farm Archerstown Delvin SOLD €505,000

Cash buyers out in force at REA Property Exhibition

The UK-based buying boom in Ireland is gathering apace, according to figures from Real Estate Alliance’s successful Irish Property Exhibition in London last weekend.
REA members were delighted with the business done at the exhibition at the Hilton London Olympia which attracted hundreds of potential buyers – 92% of whom were potential cash purchasers.
“Our agents were really pleased to meet with so many quality cash buyers and they expect those conversations to very quickly convert into sales,” said REA Chief Executive Philip Farrell. 
“Many of those UK buyers have already made plans to travel to Ireland to view their potential properties. 
“A comprehensive survey taken of attendees showed that the vast majority of them were committed to buying in Ireland, with 46% aiming to spend between €100,000 and €200,000.
“Some 42% of the potential buyers were looking for properties in the €200-300,000 bracket with 9% seeking to spend over €400,000 on a desirable Irish residence.
“The investment sector proved stronger than we would have anticipated, with 40% of those attending seeking to purchase a buy-to-let property in Ireland.
“A further 38% were aiming to buy a retirement home or planning to move here permanently, with 12% of attendees searching for a holiday home and another 10% keen to buy a family house.”
The majority of attendees were interested in buying a bungalow or house with just 20% aiming to purchase an apartment.
“UK buyers are to the fore of a nationwide resurgence in property sales,” said Philip Farrell.
"The average property price in Ireland is now €157,000 compared to €211,000 in the UK, so there is real value in the market, which is driving demand.
“A recent survey of Real Estate Alliance members nationwide showed that 20% of agents' overall enquiries now come from across the water – equating to an average 13% of their overall sales.
“This is why Real Estate Alliance has become the first Irish property group to form a strategic alliance with the UK’s leading property website www.rightmove.co.uk.
“This agreement will see all properties for sale from each Real Estate Alliance office displayed on the overseas properties portal on the industry-leading site, and its sister website www.rightmoveoverseas.co.uk.”
(REA) is Ireland’s leading property group of Chartered Surveyors with almost 50 branches nationwide, comprising many of the country’s longest-established auctioneers and estate agents.
Their partners at the event included Rightmove.co.uk, Smart Currency, Careline Removals and Patrick J Farrell & Company Solicitor

Irish Property Exhibition in Hilton London Olympia in Kensington on Saturday February 22 from 10.30am to 2pm.

UK property buyers are flocking to secure their dream homes in Ireland, buoyed by a strong pound and an undervalued market that is now starting to appreciate again. Real Estate Alliance is bringing thousands of properties to their London Property Exhibition, giving UK buyers the chance to browse in comfort and talk to the experts on the ground.

The exhibition takes place in the Hilton London Olympia in Kensington on Saturday February 22 from 10.30am to 2pm.

The exhibition will be a comprehensive one-stop shop for potential property purchasers with legal and financial experts joining a network of Real Estate Alliance agents from throughout Ireland, all with unique properties to show.

“The average property price in Ireland is now £129,000 compared to £175,000 in the UK, so there is real value in the market, which is driving demand,” said Philip Farrell, Real Estate Alliance CEO.

“An example of the value gap can be seen in a four-bedroom detached home for sale in Callington, Cornwall for £420,000 compared to a similar property and location in Waterford which is on the market for £161,000 – less than half the price.”

Real Estate Alliance (REA) is Ireland’s leading property group of Chartered Surveyors with almost 50 branches nationwide, comprising many of the country’s longest-established auctioneers and estate agents.

“We have also linked up with the UK’s largest overseas property website, www.rightmoveoverseas.com, to further showcase our portfolio of properties.”

The event will be held in partnership with Smart Currency Exchange, leading international money transfer specialists and experts in international property purchase.

Further details on the REA London Property Exhibition, and a list of local agents, can be found on www.realestatealliance.ieor send an email to register for the event at info@realestatealliance.ie

Real Estate Alliance link with UK's largest property site

Real Estate Alliance has become the first Irish property group to form a strategic alliance with the UK’s leading property websitewww.rightmove.co.uk.
This agreement will see all properties for sale from each Real Estate Alliance office displayed on the industry-leading site, and its sister website www.rightmoveoverseas.co.uk.
Irish property sales to UK-based purchasers boomed in 2013, with a Real Estate Alliance (REA) survey reporting a 39% increase in business over 2012.
Irish property vendors are being given the chance to cash in on this mini-boom by registering for the Alliance’s upcoming London Property Exhibition with their local REA agent.
The exhibition takes place in the Hilton London Olympia on Saturday February 22 – the day Ireland face England at Twickenham in the Six Nations rugby championship.
Rightmove Overseas Account Manager Tom Whale said that they were delighted to start working with one of the largest estate agency names in Ireland. 
“Interest for property in Ireland on Rightmove Overseas has increased dramatically over the past 12 months with over 25,000 users now looking for Irish properties every month. 
“The large number of listings from Real Estate Alliance will help to provide our users with an exceptional level of choice whether it be for a second home, relocation or pure investment.”
Philip Farrell, Real Estate Alliance CEO said that the agreement will see Real Estate Alliance members offer property vendors even more options and a direct pathway into the growing UK-based purchasers market. 

All REA properties are now on Rightmove.co.uk

Real Estate Alliance have announced that all properties listed with them will be now on the largest UK property portal www.rightmove.co.uk. RightmoveOverseas Account Manager, Tom Whale, said ‘We are delighted to start working with one of the largest estate agency names in the Irish Republic. Interest for property in Ireland on Rightmove Overseas has increased dramatically over the past 12 months with over 25,000 users now looking for Irish property every month. The large number of listings from Real Estate Alliance will help to provide our users with an exceptional level of choice whether it be for a second home, relocation or pure investment
http://www.rightmove.co.uk/overseas-property/in-Ireland.html

Register your property with a local REA agent to bring it to the UK Market

UK buyers are one of the new success stories in the Irish property market and

local property vendors are being given the chance to cash in on a mini-boom by registering for REA’s upcoming London Property Exhibition. Local property agency firms REA Sothern and REA Dawson will be showcasing properties at the Hilton London Olympia on Saturday February 22 – the day Ireland face England at Twickenham in the Six Nations rugby championship.

Contact your local agent by emailing info@realestatealliance.ie