Surge For Luxury Homes In Ireland

Ireland’s prime country house market posted a banner year in 2024, as demand for luxury residences surged.

Analysis of Property Price Register data by Savills Ireland shows a remarkable 44% increase in the combined transaction value over the 12-month period.

The total of €275mn far exceeded the ten-year average of €139mn, according to the report, which looked at €1mn-plus sales beyond Dublin, the major regional cities, and north Wicklow.

“Despite economic uncertainties and fluctuating global conditions, the luxury segment of Ireland’s real estate market has shown remarkable resilience and attractiveness,” said the firm. It’s noted that the average transaction size held steady at €1.6mn across 168 deals, “underscoring a stable high-end market”.

Breaking things down by location, Cork led the way with €84mn in sales across 35 transactions. Kildare was close behind with €64.5mn from 40 transactions; while Wicklow generated €21.6mn from 18 deals; Meath and Kerry also saw substantial activity, recording €16.4mn and €13.4mn in sales, respectively.

The proximity of counties like Kildare and Wicklow to Dublin has contributed significantly to their popularity, said Savills, giving buyers the option for a hybrid working lifestyle with easy access to urban centres.

The surge in luxury sales reflects a broader trend in Ireland’s real estate sector, added the firm, whereby both domestic and international buyers are being drawn to properties that offer the combination of expansive living spaces, modern amenities and natural surroundings.