Property advisor Savills Ireland used the Property Price Register to find out what they are going for and who is buying them.
New data has revealed 2022 was a bumper year for the sales of luxury Irish country homes, with 130 deals worth €198 million.
The average value of these purchases was €1.5 million. International buyers accounted for 43% of the sales and 90% of purchasers were cash buyers. Explaining who is snapping up these luxury properties, James Butler, Head of Country Agency at Savills Ireland commented: “International buyers remain a key demographic in the prime segment of the market, especially those with more significant links to Ireland. They tend to be Irish nationals who now live abroad and want properties close to where they grew up, or international buyers brought up abroad who want a connection to family roots.
The strong dollar, which effectively discounts prices paid in euros, is a factor that may encourage buyers, he added.“Prime country homes continue to be in strong demand as remote or flexible working is now a viable working pattern for many. Furthermore, buyers in this segment of the market are likely to be in more senior positions so are granted more flexibility in how they allocate time between the office and working from home.
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