The market for this genre of property is being dictated to by the unfortunate lack of qualified purchasers available. In many instances, it is a matter of a single party falling in love with a property and through close engagement with the vendor and purchaser agreeing a position resulting in a successful sale.
The country house market was without doubt the most severely affected by the financial collapse, with evidence of the savagery inflicted being expressed in terms of a 70-80pc decay. Nonetheless, every low has a high, and we are beginning to see a slow increase in superior properties in terms of quality of architecture, condition, location and amount of land attached to the house. All these factors are influencing how much of a return in value can be achieved, especially for a country purchaser. Where our city cousins are paying upwards of €500,000 for a 3-bed semi-detached, 97sqm property, this same healthy budget will get you a 5-bed detached, 395sqm property on a couple of acres – a lot more bang for your buck!
Read the full details in the Irish Independent
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