Listed property prices in coastal hotspots jumped by almost a quarter during the pandemic, a new study has revealed. Asking prices in coastal areas, with high levels of amenities and where one-in-ten properties are holiday homes, increased by 22.9% since the start of the pandemic.
The average listed price of coastal properties in these areas was €182,000 but is now €224,500. Nationally, property prices increased by 8.6%. "We find clear evidence that echoes anecdotes that the price of coastal property has been on the increase since the onset of the pandemic," environmental economist and house price analyst Dr Tom Gillespie, who is the author of the Daft.ie 'Coastal Report', told Morning Ireland.