Friday 28 July 2017

One in six enquiries made about Irish property sales now coming from US

US property buyers are flocking to secure homes and investment properties in Ireland, buoyed by a strong dollar and the lure of a resurgent economy for emigrants
US property buyers are flocking to secure homes and investment properties in Ireland, buoyed by a strong dollar and the lure of a resurgent economy for emigrants
Gareth Morgan

Gareth Morgan

One in six overseas enquiries about Irish property are now coming from the United States, a national estate agents survey has found.

US property buyers are flocking to secure homes and investment properties in Ireland, buoyed by a strong dollar and the lure of a resurgent economy for emigrants.

The Real Estate Alliance (REA) nationwide survey shows that enquiries from the US increased from almost zero to 16pc in 2015.

And this could signal the first major return of emigrants who feel that the time is right to move back to Ireland.

"While there has always been interest from the US market, this has increased markedly in a year that saw a 22pc increase in overseas enquiries about Irish property," said REA chairman Michael O'Connor.

He added that almost half of enquiries came from the UK, with 8pc from continental Europe and 10pc from as far away as Australia.

"But the real surge in new interest came from the US."

The REA is currently planning its New York Property Exhibition for March, which will bring thousands of Irish properties to US buyers.

Irish Independent

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