Home News House Hunting in Ireland: Bayside Serenity in County Cork for $1.3 Million

House Hunting in Ireland: Bayside Serenity in County Cork for $1.3 Million

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this 3 bedroom ranch houseKnown as the Courtyard. Built about 25 years ago, the approximately 3,500-square-foot home sits in a narrow, wooded area near Glengarriff, a village of 250 residents in County Cork, about 215 miles southwest of Dublin. One of the few homes away from the lane.

A gate opens onto the gravel parking lot in front of the house. Calm Gulf waters leading to the Atlantic Ocean are visible across the gardens that gently roll down the slate steps to the soil beach of Glengarriff Harbour.

“It’s a beautiful thing to walk on water and get a kayak,” said Sherry Fitzgerald Country Homes Farms and Estates director, an affiliate of Christie’s International Real Estate. Roseanne de Vere Hunt said. “No dock, just a small boat to pull.”

The entrance hall has vaulted ceilings with skylights, oak beams, and terracotta tile floors through the hallway and kitchen. The powder room is in one corner.

Down the hall is a living room with two large windows and a log-burning stove in an exposed brick fireplace. The adjacent dining room has beams and vaulted ceilings with a box bay window overlooking the side garden. Near the dining table, a metal rail runs up a short wall, visually leading from the dining room to the living room. Go out into the hallway and up a few steps.) The fireplace in the living room has a log-burning stove around a carved marble surround lined with bookshelves. At the far end of the room is a glass conservatory. Double glass doors open onto a terrace overlooking the gardens and Bantry Bay.

In the country kitchen, a pot rack hangs on a central island with a bar sink and breakfast bar. Doors open to a paved patio for al fresco dining and a slate terrace with water views. Stairs lead to the conservatory terrace.

Across the hall is a small study. An open staircase leads to an attic with a study, large windows overlooking the bay and a bathroom.

The bedrooms are all en-suite, carpeted and located on the main floor. The primary suite with a walk-in closet and beamed ceiling opens to the covered front porch through sliding doors. His other two bedrooms have views of the bay. There is also a sliding door to the kitchen patio.

The home is a short walk from Glengarriff’s pubs, restaurants, shops, hotels and the local national school. The 9-hole Glengariffe Golf Club and the Glengariffe Woods Nature Reserve are also nearby. Garnish Island, with its walled gardens and old military towers, is a short boat ride away. Cork International Airport is about an hour and a half from the house and Dublin is about a four hour drive.

Ireland’s domestic market was “pretty quiet” before the coronavirus pandemic, with workers living near offices in Dublin, Limerick and other cities, Devia Hunt said.

After the lockdown, “it seemed to add rocket fuel to the property market,” said Charles McCarthy Estate Agents director, an affiliate of Mayfair International Realty in West Cork, a coastal municipality in County Cork. “It really opened up the real estate market here.”

People from the region have returned from Dublin and Limerick to work remotely. “Everything was working for people, from Wi-Fi to his home office,” says De Vere Hunt. “That’s the dream. You get a quality of life with your kids. Let’s ride.”

A historic harbor and yachting town of about 5,000 in County Cork with colorful galleries and Michelin-starred restaurants, Kinsale is the most desirable (and most expensive) destination for local and unrelated buyers. ) is one of the places. According to Catherine McAuliffe, director of Cork housing at Savills Ireland, the price of his front property on the water could reach his €5 million. (The euro, which has fallen to its lowest level in years, is now trading at about the same rate as the US dollar.)

Near Dublin, Dalkey and Howth’s seaside resorts are also coveted, said Guy Craigie, Residential Director of Knight Frank Ireland. In County Kerry, near Cork, the countryside known as the Ring of Kerry is popular.

Compared to London and New York, shopping in Ireland is “easier and more economical,” said Craigie, with average prices per square foot of $500 to $600, and $1,000 per square foot at the high end. , said it would go up to $300. On the country market he’s $350 per square foot. Due to its low population density, the Dublin metropolitan area, for example, has about 1.5 million inhabitants.

But Ireland has “Covid-related supply problems”, with construction delays and a surge in sales in 2021 leading to a shortage of available housing. Central Bureau of Statistics In Ireland, the number of homes for sale fell by around 27%, from 5,706 units in July 2021 to 4,182 units in July 2022, while average house prices rose from €286,928 to €341,914 over the same period, an increase of around 19%. % increased.

Prices for country houses depend on the location, land and proximity to the coast. The average home price in County Cork was €311,216 in July, up about 35% over the past two years, according to the Statistics Office. In West Cork, McCarthy said he could pay about $1.2 million for a temporary property with no water views, and $3.6 million for a renovated Georgian seaside mansion built in 1760. It says.

Agents said low property taxes, safety and a mild microclimate are also drawing buyers to the area. It never went above 79 degrees.

“It’s still relatively safe here,” said Devia Hunt. “You can ride a bike and cycle down the road. And you can walk.”

Americans “have been flocking in droves” over the past six to eight months, partly because of the strong dollar, McCarthy said. No, but I like the idea of ​​living in Ireland. ”

McCarthy cited an influx of “Irish expats living primarily in London, Singapore, Asia or Australia”, many of whom work in finance or fintech.

Craigie said 12% and 15% of his annual turnover comes from overseas buyers, with an increase in purchases from the UK since Brexit. His buyers also come from Germany, Italy and France, with a recent surge from Hong Kong and China.

Before you can buy a home in Ireland, you will need to obtain an Irish PPS Taxpayer Identification Number, which is similar to a Social Security Number. Applications will be submitted in person, McCarthy said.

A security deposit of 5% is usually required to secure a property and put it on the market. Once due diligence is complete, McCarthy said he will be paid an additional 5% when signing a contract drawn up by the seller’s attorney.

Housing closing costs include 1% stamp duty on the purchase price of up to $1 million homes and up to 1 acre of land and 2% stamp duty on more significant properties. Agricultural or commercial properties are subject to a 7.5% stamp duty, McCarthy said. Attorney fees he is 1-1.5%.

Getting a mortgage is more complicated for foreigners than for local buyers. “Most international buyers pay in cash,” said Craigie.

Established in 2012, the Irish Immigrant Investor Program allows buyers from outside the European Economic Area with a personal net worth of €2 million or more to secure residency in exchange for investing in the Irish economy. (Russian citizens were barred from applying as of March.)

English; Euro (1 Euro = $0.96)

The annual property tax for a courtyard house is approximately 1,200 euros.

Roseanne Devia Hunt Sherry Fitzgerald Country Homes Farm and Estate011-353-87-412-2356.

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