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2020 – An Extraordinary Year

Image Horse Island Website

Covid-19 didn‘t prevent plenty of properties under the hammer from fetching impressive prices this year

 

Prophets of Doom

We start 2020 full of optimism and looking forward a really strong market armed with instructions on some lovely properties. Then over the horizon came Coved with the resulting shutdown, closely followed by the profits of a doom, stockbrokers predicting a 20% drop in values and bankers saying 12%.

No one really asked the front line staff, the agents, who quickly confirmed a strong market with prices, if anything, rising primarily due to strong demand and shortage of supply.

Nice and Quiet

If there is any silver lining to this pandemic it has emphasised to the global market that Ireland is a well run safe country, somewhere nice to live and work and that modern Ireland is just that, modern.

The increase in overseas interest is significant, with large numbers of quality buyers waiting to come to Ireland once restrictions ease.

That did not stop properties selling quietly under the radar. Some we are sworn to secrecy on, some we can reveal.

Horse Island was probably the most unusual sale. A 154 acre island of the West Cork coast with a 4,600 sq.ft. main house, 6 other houses, pier and boat house.

Two overseas buyer’s competed for the property, which sold, site unseen, for over the €5.5 million guide.

Mount Armstrong in Duneed – a 130 acre property with an immaculate period house, 4 cottages and stable yard, sold on behalf of the representatives of the late Miriam O’Callaghan, without ever coming to the market.

Coonans of Maynooth acted with us on this, and one of the nicest properties, The Manor, in Manor, Kilbride also found a new owner during this time.

Victims of Success

The above are just of few of the properties that we found buyers for in 2020 but to such an extent that the cupboard is bare and we urgently need more country properties to meet demand.

Some have very deep pockets so with one buyer in mind, if you have a quality property within an hour of Dublin, my client has up to €15 million to spend and even better news, I won’t be looking for a fee!

Regardless if you are a buyer or seller, using or opposition or none of the above, have a happy and safe 2021.


Related Experts

Marcus Magnier

Director | Residential Country Homes & Leisure

Dublin

Head of Residential, Development and Country Homes Departments, with over 40 years' experience advising on, valuing and selling Residential and Country properties as well as major Hotel & Resorts.

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