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Irish Daily Mirror
23-05-2025
- Business
- Irish Daily Mirror
Inside the multimillion euro sales of luxury Irish homes and who's buying them
New data has revealed 2024 was a bumper year for the sale of luxury Irish country homes, with 168 deals worth a whopping €275 million. Property advisor Savills Ireland used the Property Price Register to find out how much prime country homes are going for and who is buying them. Irish prime country homes are defined as transactions greater than €1m and located outside of Dublin, the major regional cities and north Wicklow. Savills said the surge far exceeds the 10-year average transaction value of €139 million, which demonstrates "a robust and growing demand" for high-end rural properties. They shared that the average price of these luxury country homes remained steady at around €1.6 million, which "underscores a stable high-end market". Their report, published in February, noted that these homes are being bought by both domestic and international buyers, who "favour a hybrid working lifestyle with easy access to urban centers". The report shows that Cork emerged as the leader in 2024, with sales totalling approximately €84 million from 35 transactions. Close behind was Kildare, which recorded €64.5 million from 40 deals, followed by Wicklow with €21.6 million from 18 sales. Meath and Kerry also made notable contributions, with €16.4 million and €13.4 million in sales respectively. Other counties making significant sales include Kilkenny, Limerick, Donegal, Tipperary, Mayo and Waterford, highlighting widespread interest across Ireland's rural regions. Cianan Duff, Associate Director at Savills Ireland, commented on the findings, saying: "The 44% growth in transaction value this year is a testament to the enduring appeal of Ireland's prime country homes. Buyers continue to value the unique combination of luxury and privacy that these properties offer." Catherine McAuliffe, Director of Cork Residential, highlighted the county's attractiveness saying: "Cork has particularly stood out this year as a prime destination for high-end residential buyers. Its blend of scenic landscapes and vibrant local economy makes it a top choice for those seeking exceptional country homes." Prime country home sales by county in 2024 Cork: €83.96 million (35 transactions) Kildare: €64.52 million (40 transactions) Wicklow: €21.62 million (18 transactions) Meath: €16.40 million (13 transactions) Kerry: €13.44 million (9 transactions) Kilkenny: €11.69 million (8 transactions) Limerick: €9.18 million (6 transactions) Donegal: €8.63 million (6 transactions) Tipperary: €7.91 million (6 transactions) Mayo: €7.47 million (6 transactions) Waterford: €6.28 million (3 transactions) Wexford: €5.87 million (5 transactions) Sligo: €4.65 million (3 transactions) Louth: €4.61 million (3 transactions) Galway: €4.11 million (3 transactions) Clare: €2.35 million (2 transactions) Carlow: €2.28 million (2 transactions)
Irish Examiner
13-05-2025
- Business
- Irish Examiner
Fast wifi now the top priority for Irish hotel guests
High-speed wireless connectivity is now the top consideration for Irish travellers when booking a hotel, with digital connectivity "a non-negotiable" for most guests. A survey commissioned by property advisor, Savills Ireland, published on Wednesday asked Irish adults which amenities were most important in a hotel stay. Overall, high-speed wifi ranked highest, with 64% of respondents putting connectivity first, followed by on-site dining options, followed by a swimming pool. 'High-speed wireless is now the top hotel must-have of Irish adults today – suggesting that not many truly 'switch off' while away from home," said Savills Ireland director of hotels and leisure, Tom Barrett. "While this is perhaps unsurprising for Gen Z (those aged under 28), who grew up in a digital-first world, it's striking to see older generations just as attached to connectivity. We assume Gen Z are the digital generation, but Boomers are just as reliant on connectivity, if not more so." Men are twice as likely to prioritise a gym or fitness centre (21% vs 12%), the survey found. Women place more value on on-site dining (67%) and swimming pools (55%) than men (55% and 41%, respectively). Environmental responsibility is becoming more important, with most people now saying sustainability would influence their choice of accommodation, but Mr Barrett said there is a "clear generational and gender divide when it comes to the value people place on green credentials". Gen Z is most eco-engaged, with only 28% saying sustainability isn't a factor for them, while 38% for Millennials/Gen Y (those aged 29 to 44), and nearly half (49%) of Boomers (those aged over 60) are indifferent to a hotel's environmental efforts. The nationwide study was carried out by iReach, on behalf of Savills, canvassing 1,000 adults.
Business Post
08-05-2025
- Business
- Business Post
Gen Z and millennials open to more office days - here's what would tempt them back
Commercial Property Gen Z and millennials open to more office days - here's what would tempt them back Killian Woods 05:00 Shane Duffy, director of offices at Savills Ireland, said the findings show 88 per cent of millennials and 98 per cent of Gen Zers would be open to returning to the office more often. Picture: Savills Ireland
