Property overlooking the sea: in Ireland it is boom but at what price?
Dublin, Galway, Causeway Coast, Dingle is spoiled for choice when it comes to this nation. The hills and the vast expanses have been the subject of many cinematic masterpieces: the entire Twilight saga, Star Wars, Harry Potter right to name a few.
With a long history marked by wars and struggles for supremacy by the world powers, today Ireland is a member state of the European Union and is an independent and sovereign republic.
Despite not being widely used, it is well integrated into the international economy, as well as being the world's leading exporter of software and services related to the advanced tertiary sector.
And at the real estate level?
Ronan Lyons, a well-known economist, has analyzed an extremely unique phenomenon that is driving investors who are keen to buy houses in Ireland crazy.
Analyzed over one million listings on the various real estate sites in the country, a particular figure emerged that united around 60% of the interested parties (or to contracts of sale or lease).
Buy a sea view home.
So far it would seem all in the norm, since Ireland has some wonderful coastline with a spectacular natural landscape.
Where is the detail object of this research?
Despite the substantial increase in the purchase price of homes proportionate to the proximity to the sea, the Irish real estate market is driven by the most expensive houses, on the highest and jagged coasts, which guarantee a full immersion in nature.
The houses that are located within a radius of 1 km from the beach increase their value by at least € 6,200, while those within 500 meters of cliffs are on average € 7,000.
These figures assign what for a long time had not been quantifiable: the value of the sea associated with a dwelling.
In percentage terms, we speak of 35% more than the purchase price of a house in the center.
The latter in fact start from a base of 200,000 euros (standard housing) up to 500,000 when it comes to villas or houses with large garden and pool.
If with a gap of up to 7,000 euros you can be caressed by the sea breeze, how can you say no to a similar investment?
With a long history marked by wars and struggles for supremacy by the world powers, today Ireland is a member state of the European Union and is an independent and sovereign republic.
Despite not being widely used, it is well integrated into the international economy, as well as being the world's leading exporter of software and services related to the advanced tertiary sector.
And at the real estate level?
Ronan Lyons, a well-known economist, has analyzed an extremely unique phenomenon that is driving investors who are keen to buy houses in Ireland crazy.
Analyzed over one million listings on the various real estate sites in the country, a particular figure emerged that united around 60% of the interested parties (or to contracts of sale or lease).
Buy a sea view home.
So far it would seem all in the norm, since Ireland has some wonderful coastline with a spectacular natural landscape.
Where is the detail object of this research?
Despite the substantial increase in the purchase price of homes proportionate to the proximity to the sea, the Irish real estate market is driven by the most expensive houses, on the highest and jagged coasts, which guarantee a full immersion in nature.
The houses that are located within a radius of 1 km from the beach increase their value by at least € 6,200, while those within 500 meters of cliffs are on average € 7,000.
These figures assign what for a long time had not been quantifiable: the value of the sea associated with a dwelling.
In percentage terms, we speak of 35% more than the purchase price of a house in the center.
The latter in fact start from a base of 200,000 euros (standard housing) up to 500,000 when it comes to villas or houses with large garden and pool.
If with a gap of up to 7,000 euros you can be caressed by the sea breeze, how can you say no to a similar investment?
