Residential

Searches on MyHome.ie in June for Irish holiday homes up 112% year-on-year
Notable decline in interest when lockdown restrictions were at their height
The domestic tourism sector is set to receive a significant boost this summer, with a major rise in the number of people searching for holiday homes around the country.
Interest in staycations on the MyHome.ie property website soared in recent weeks as lockdown restrictions were eased – with a 112% increase in searches for “Irish holiday homes” in June 2020 compared with the same period the year before.

However, during March and April – when Covid-19 cases escalated and lockdown restrictions were at their height – there was a marked decline in Irish holiday home searches on the MyHome.ie website. March saw a 48% year-on-year decline, while April saw a 41% decline over the same period.
In May, there was a 28% increase in searches for Irish holiday homes compared with the same period in 2019 as the roadmap for lockdown easing began.
The staycation trend looks set to benefit most tourism hotspots around the country, with significant increases in holiday home searches in June 2020 compared with June 2019 in counties including:
Kerry: up 107%
Sligo: up 105%
Galway: up 83%
Clare: up 57%
Donegal: up 45%
It also appears that the west is best for staycations, as searches for holiday homes in Dublin in June 2020 stayed relatively steady, up by just 6% compared with the same period in 2019.
Angela Keegan, Managing Director of MyHome.ie, said: “These findings reflect the huge pent-up demand that exists among people after three months of lockdown, which will have a much-needed knock-on effect for a hospitality sector that has suffered badly as a result of Covid-19 restrictions. People need a holiday to look forward to after a tough year, and it looks like the domestic economy will benefit from the Government’s continued guidance to avoid non-essential foreign travel.”
You can check out the selection of holiday homes on MyHome.ie here. More

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Residential property prices increased by 0.3% nationally in the year to May, according to the latest figures from the Central Statistics Office.
This compares with an increase of 0.7% in the year to April and an increase of 2.6% in the twelve months to May 2019.
In Dublin, residential property prices showed no change in the year to May – house prices increased by 0.2% and apartments increased by 0.9%. The highest house price growth in Dublin was in Fingal at 2.2%, while South Dublin saw a decline of 1.3%.
Residential property prices in Ireland excluding Dublin were 0.7% higher in the year to May, with house prices up by 1.0% and apartments down by 1.5%. The region outside of Dublin that saw the largest rise in house prices was the South-West at 4.3% – at the other end of the scale, the South-East saw a 0.8% decline.
Overall, the national index is 18.1% lower than its highest level in 2007. Dublin residential property prices are 22.4% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 21.1% lower than their May 2007 peak.
Property prices nationally have increased by 82.7% from their trough in early 2013. Dublin residential property prices have risen 92.1% from their February 2012 low, whilst residential property prices in the Rest of Ireland are 81.6% higher than at the trough, which was in May 2013. More

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