Friday 21 July 2017

Holiday homes special: Don't you wish you were here?

Holiday properties for sale in all scenic locations from Donegal to Kerry, writes our Property Editor

You can sample the lifestyle by taking a short break at Fanad Lighthouse.
You can sample the lifestyle by taking a short break at Fanad Lighthouse.
Mark Keenan

Mark Keenan

As the Irish economy continues to recover and employment grows apace, interest has commenced once again among city dwellers in acquiring a second home from home in Ireland - a place to retreat to on weekends or for longer summer breaks.

The market for holiday homes in Ireland was among the hardest hit in the property crash, with many smaller dwellings in remoter areas of beauty taking some of the biggest percentage devaluations among all property types.

And following two years of hard inflation in Dublin and Cork during 2013 and 2014, the relative value of smaller remoter homes in rural Ireland has improved significantly.

Properties in established tourist locations like West Cork, Galway and Kerry recovered fastest after the crash, with interest reviving in such locations from 2013 onwards.

In West Cork - traditionally one of Ireland's most popular holiday locations - English buyers spilled in to utilise the favourable exchange rate, acquiring Irish seafront homes within a short distance of Cork Airport.

Last year saw the revival of buyer interest spreading to less favoured locations. In Donegal and Sligo, Northern Irish-based buyers, buoyed by strong sterling, have played a big factor. And through the last 12 months, Irish city buyers from Dublin, Cork, Limerick and Galway have begun looking around once again for a second home spurred by increasing personal prospects and employment security.

However, despite the price increases, holiday homes outside of the most popular tourist hubs still offer value.

As tourism grows again, the still-developing motorway roll-out has reached Ireland's extremities, knocking hours off travel times to and from these locations.

Now there's also the prospect of better income afforded by the rise of Airbnb - an online democratised lettings process which is empowering foreign tourists and taking them off the well worn and commercialised tourist trails in search of the 'real' Ireland.

For those who want to buy, the expensive end of the market remains West Cork where a well located holiday home on the coast will cost you around €550,000. But in East Cork, you can still pick up a nice two-bed cottage in reasonable condition for €120,000. Last year, that would have cost you €95,000.

Cottages in Clare and Kerry can be acquired for €150,000 and for a spend of €80,000, try Galway county and Mayo. Remoter Donegal can be got for €53,000, rising to €160,000 in popular resorts. Cheapest of all is Leitrim at well under €50,000.

Inside this Holiday Homes Special we'll take you to Glengarriff in Cork, to view a Scandinavian chalet on the shores of Bantry Bay. We'll look at Irish lighthouse homes with the best views - available both to buy and to rent.

And we'll guide you to a spacious period property in Enfield which sits right on the Royal Canal Way. And there are dozens more to view.

Happy holiday home hunting!

Indo Property

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