A UK-BASED family has spent close to €2m on a home which has been sold on the outskirts of Skibbereen.
The Victorian home, Reena Dhuna, overlooking the Ilen river, was sold by a Dublin man who had relocated here some years ago, and also includes 11.5 acres.
It has its own boathouse and pier, was once the home of the local Church of Ireland curate, and was recently renovated.
Auctioneer Charles McCarthy in Skibbereen said the sale is indicative of a renewed interest in West Cork by UK buyers.
‘This house has been bought by a family with West Cork links, who are intending to relocate here from the UK,’ he said. He added that the English market is currently experiencing a lot of interest from British buyers. ‘We are noticing that people who are worried about Brexit and who have links here, or Irish passports, are taking an interest,’ he said, adding that there are also a number of potential buyers who have said that they have applied for an Irish passport.
‘People who are able to buy a second house here are coming over, but those who are hoping to sell in the UK and then move here are finding it more difficult to sell,’ he said, explaining that the British market is suffering from a ‘wait and see’ approach to Brexit.
He added that there has also been a lot of interest from people looking to relocate to West Cork from Dublin, which has boosted the rental market in the areas. ‘Companies like Ludgate, and Spearline – which recently added a lot of new jobs – are really driving the rental market here,’ he said.
And, so far, Skibbereen and its hinterland is able to cater for them all. ‘Nobody is short of a bed! he said, adding: ‘The holiday letting market is good at the moment, which means people have about six months to settle in and look for a more permanent home.’