Irish real estate agents report increase in UK buyers in the lead-up to Brexit
"It is another strain on the market because we have this increased demand."
A new report issued by the Real Estate Alliance shows that there has been a 10% increase in the number of UK buyers of Irish properties in the last year.
Additionally, almost 50% of estate agents across the country are reporting an overall increase in enquiries by potential UK buyers in Irish homes.
Vice Chair of the REA, Liam Browne of REA Paddy Browne in Ennis, spoke to Clare FM about the issue:
"The one thing that you do find is that the English market are invariably looking for the more rural property."
"There are a number of people who work in the EU, or they have businesses in the EU, and the most obvious place for them to move to if they have a concern about the market is to move to Ireland."
"Until there is a certainty with what is going to happen [with Brexit], then this is going to continue."
In the last few weeks, it has been revealed that the average price of a three-bed semi-detached in Dublin has continued to increase dramatically since the same time in 2017.
Meanwhile, over the weekend, Take Back The City occupied Airbnb headquarters in Dublin to stage a protest, suggesting that the popular accommodation website is a large part of the current housing crisis in Ireland.