The property market in scenic coastal counties has experienced a dramatic price increase of up to 60% since 2020, as revealed by the latest IPAV barometer. This surge is largely fueled by the rising demand from semi-retired and retired individuals seeking homes in these desirable locations. In addition to the substantial increases, the overall average price growth in the property market was nearly 10% last year, highlighting a consistent upward trend in housing costs in Ireland's popular regions.
Demand by semi-retired and retired people for homes in coastal areas is driving property price growth in scenic parts of the country, with some counties seeing 60pc increases since the beginning of 2020.
The latest property price barometer from the Institute of Professional Auctioneers and Valuers (IPAV) shows prices grew by nearly 10pc on average last year.
As coastal regions become more sought after, the increasing demand from older homeowners is significantly impacting the housing market dynamics in these areas.
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