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Huge demand at auction for homes close to Galway city

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Dalysfort Road, Salthill: €405,000.

A “phenomenal” demand for properties in established parts of Galway City was a key feature of an all-day auction which generated €5 million worth of sales at the weekend.

Auctioneer Colm O’Donnellan said it was clear there was a huge demand for family homes and properties in both Galway city centre and the west side of the city during the event which attracted a large crowd.

Although demand was more sluggish for homes in rural areas in the morning, interest really picked up when O’Donnellan & Joyce focused exclusively on properties in the city in the afternoon – generating €4.3m in sales.

One house on Shantalla Road, St Rita’s, achieved almost double its reserve price when the hammer fell at €260,000 after opening at €135,000. Two properties in the Claddagh were sold for €120,000 more than their AMV (Advised Minimum Value), while a three bedroomed bungalow at Lower Fairhill Road, also Claddagh, reached €365,000 from an AMV of €200,000.

And a three bedroomed semi-detached house overlooking the canal, which is in need of some refurbishment, reached €335,000 from an AMV of €220,000.

Mr O’Donnellan told Tribune Property: “It was clear that people were very keen to buy in or near the city centre, rather than in isolated rural areas.

“Locations such as Newcastle, close to NUI Galway and University Hospital Galway, were keenly sought, as were areas such as the Claddagh and along by the canal, all of which are within walking distance of Galway city centre. Salthill remains one of the most popular addresses for family homes.”

A four bedroomed terraced home at Dalysfort Road sold for €405,000, from an original minimum value of €330,000, while a semi-detached in Lower Salthill reached €395,000.

“Some family homes reached on average €120,000 beyond their AMV price such was the desire for the property and the address. There’s a continued confidence in Galway’s property market which further highlights the shortage of quality family homes in desirable locations across Galway city,” said Mr O’Donnellan.

For more, read this week’s Galway City Tribune.

Connacht Tribune

Finance Minister among key speakers at three-day conference on the regions

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David Minton, Director of the Northern & Western Regional Assembly.

Balanced and sustainable regional development will be top of the agenda when new Finance Minister Michael McGrath addresses a special three-day Regions in Focus 2023 event beginning next Tuesday week, February 7.

The Association of Irish Regions (AIR) event will see a host of leading academics and industry experts gather for workshops, seminars and specialised training from February 7 to 9 at the Four Seasons Hotel in Coolshannagh, Co. Monaghan.

And the future development of counties, including Galway city and county, will be discussed and debated at the event attended by leading figures from industry, academia, and policymaking.

Attendees will also include representatives from Ireland’s three regional assemblies, who will offer their perspectives on the big challenges facing Ireland’s regions, including climate change, regional inequality, and the transition to renewable energy.

David Minton, Director of the Northern and Western Regional Assembly, which covers Galway and the North West, admitted that recent years had been difficult for the region.

“We’ve seen longstanding economic fault lines such as the shortage of housing and reliance on non-renewable energy exacerbated by the war in Ukraine and the continuing fallout of the Covid-19 pandemic and Brexit, placing further pressure on households and businesses,” he said.

“Events such as Regions in Focus 2023 give us the opportunity to meet with lawmakers and leading experts in industry and academia, to exchange ideas about how to improve the prospects of our respective regions for the benefit of the whole economy.

For more, read this week’s Connacht Tribune.

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CITY TRIBUNE

Digital Accounting degree adds up for ATU Galway

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ATU Galway...Digtital Accounting.

ATU Galway has unveiled a new honours degree in Digital Accounting. The four-year, Level 8 degree (including a work placement in year three) offers the best of both worlds – careers in accounting and in the rapidly growing digital business field.

Students can expect a strong focus on practical learning, work placement and projects.  Much of the learning will take place in specialized classrooms and laboratories.

Applicants for this degree do not need to have studied accounting or business previously, nor do applicants need to have studied honours maths.

Furthermore, there is no need to be a ‘techie’ or be into computing – there is no coding or software development involved as the degree focusses on using software products as tools for Digital Accounting and Digital Business.

“Our aim is to prepare students to operate successfully in ‘real world’ situations,” explained Deirdre Lusby, Head of Department of Business & Accounting at ATU Galway.

“We have a top class and dedicated lecturing team and access to the latest technologies so students can develop the knowledge, skills, and professional competencies they will need for their future careers”.

“Lecturers on this programme are highly qualified professional accountants and digital technology specialists, many acting as examiners and lecturers for the professional accounting bodies,” added Seamus Lennon, Head of School of Business at ATU Galway.

“They maintain very close links with all of the professional bodies, industry, and employers.  We are extremely excited about this new degree programme, with graduates having career options in areas such as accounting, business, blockchain, systems analysis and digital auditing.”

For more information, go to www.atu.ie.

 

 

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Connacht Tribune

Workers seek new horizons

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Survey...Barry Whelan, CEO of Excel Recruitment.

Employers could have a fight on their hands to hold onto their staff this year – after a new survey revealed that six in ten workers could potentially change jobs in 2023 and almost one in three are definitely considering it.

These are the findings the Excel Recruitment Employee Feedback Survey, released in tandem with Excel Recruitment Annual Salary Guide 2023), which show that in terms of salaries across the board, the recruitment specialists are seeing a percentage swing of increase in the median of three to eleven per cent.

The new research has revealed that while this time last year, 65 per cent of employers signalled salary increases in the upcoming year, this has risen to 71 per cent twelve months later, as most employers say pay rises are definitely being considered.

“The ‘Great Resignation’ of 2022 has massively affected employers, especially when organisations urged workers to return to their respective offices,” revealed Barry Whelan, CEO of Excel Recruitment.

“It led to companies increasingly having open positions, which caused disruptions in their daily operations. The remaining employees needed to compensate for the lack of manpower leading to immense workloads and also driving employee burnout which affected their overall performance and productivity.

As well as driving up wages, high employee expectations are forcing more employers to offer a hybrid working option.

For more, read this week’s Connacht Tribune.

Connacht Tribune Digital Edition App

Download the Connacht Tribune Digital Edition App to access to Galway’s best-selling newspaper.

Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

Or purchase the Digital Edition for PC, Mac or Laptop from Pagesuite  HERE.

Get the Connacht Tribune Live app
The Connacht Tribune Live app is the home of everything that is happening in Galway City and county. It’s completely FREE and features all the latest news, sport and information on what’s on in your area. Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

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