Over 7,000 UK property buyers are being offered the chance to view thousands of Irish properties, and to talk to the people selling them, when REA exhibit at the UK Property Investor Show on April 3-4 at ExCel London.
Sales to UK buyers have increased by 12% on average over the past year, according to a recent REA survey.
“UK buyers make up 10% of overall enquiries and 6% of sales in the Irish market, with our agents reporting an average of 4.3 sales to UK buyers last year,” said REA spokesperson Barry McDonald.
The survey also shows that 23% are buying for eventual or immediate retirement, 8% are investors, 8% are looking for a change in lifestyle, and 9% are purchasing holiday homes – a market that has been hit by the fall in sterling value and remains unchanged over the past six months.
The typical UK buyer is looking for a rural property (54%) with 66% of people looking for a standalone development.
The biggest percentage of sales to UK buyers (22%) is in the over €500k category, while the average at all €50k stages above the average house price in the State (€236,287) is between 15-17% with 16% between €300k-€500k (down 6% from the previous survey).
For more information listing properties for the UK Property Investor Show, send your details and a local agent will be in touch soon.