€198m worth of transactions took place in the prime country home market last year, according to new figures from Savills Ireland.
Transactions in this market are defined as deals greater than one million euros and located outside of Dublin, the major regional cities, and north Wicklow.With the average deal value remaining at approximately €1.5m, the figures show that the increase was driven by more transactions taking place in 2022, with 130 compared to 86 in 2021.
International buyers accounted for 43% of deals, while cash buyers remained the dominant financing arrangement, with 90% of buyers in this market segment acquiring properties without financing agreements, up from 87% in 2021. "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," he said.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ireland 'not perceived as expensive place to holiday' - Tourism Ireland chief | NewstalkIreland is not perceived as an expensive place to holiday by people abroad, according to the head...
Read more »
RTE Room to Improve fans have strong opinions on 1950s council house makeoverRoom To Improve viewers were left impressed by the latest transformation on the popular show as it returned to RTE One on Sunday night.
Read more »
Netflix offering over €30,000 to five people in Ireland & UK in new competition | JOE.ieIf you reckon you've got the next Making A Murderer or The Tinder Swindler, then this is just for you!
Read more »
The Best No-Commitment Boutique Gyms (With Spas) To Visit Around Ireland - The Gloss MagazineTo entice us into a gym now, when money is tight and walking is free, the offering has to be irresistible. The scene is changing - meet the new boutique gym/spa, raising the whole experience to a new level of luxury. These are clubs you want to hang out in
Read more »
Irish actors front new €78m Tourism Ireland campaignThe talent of some of Ireland's best young actors is being deployed in a new campaign by Tourism Ireland aimed at getting more people to visit the country.
Read more »
Pat Leahy: Real change in modern Ireland means really annoying some peoplePat Leahy: A useful principle for evaluating any plan for reform is to ask who will be discommoded, inconvenienced or annoyed by it. If the answer is “nobody”, then it usually means that nothing will really change
Read more »