According to leading auctioneers, REA Seamus Carthy, almost one in six overseas enquiries about Irish property are now coming from the United States.
“US property buyers are flocking to secure homes and investment properties in Ireland, buoyed by a strong dollar and the lure of a resurgent economy for emigrants”, commented Seamus Carthy.
A survey conducted by REA members through the country shows that enquiries from the US increased to 16% in 2015. This could signal the first major return of emigrants who feel that the time is right to move back to Ireland”, he added.
Mr. Carthy continued, “While there has always been interest from the US market, this has increased markedly in a year that saw a 22% increase in overseas enquiries about Irish property.
“Overall, calls from overseas buyers represented 19% of all enquiries received by REA agents in 2015 and 16% of total sales.
“49% of our enquiries came from the UK, 8% from continental Europe, 10% from Australia, but the real surge in new interest came from the US.
“The average house price in the US in November 2015 was $374,900 (€341,656), compared to our average house price survey national value of €188,370, so there is obvious value for American buyers in Ireland.”
REA Seamus Carthy are now offering Irish property vendors the chance to cash in on this mini-boom by registering for the nationwide group’s upcoming New York property exhibition – the first of its kind to be held in the USA.
REA are bringing thousands of properties to New York, giving a host of US buyers the chance to browse in comfort and talk to the experts on the ground.
The exhibition takes place in the Fitzpatrick Hotel at Grand Central, Manhattan from 5 – 7 pm on March 3rd.
This presents many vendors with the opportunity of achieving better prices due to interest outside of the normal marketplace.
Real Estate Alliance (REA) is Ireland’s leading property group of chartered surveyors with over 55 branches nationwide, comprising many of the country’s longest-established auctioneers and estate agents.
Contact REA Seamus Carthy in Roscommon Town 090 6630001 to list your property in our upcoming New York property exhibition.