Here is a rough run-down of prices for holiday homes on Ireland's west coast in 2012. Please note the “alternatives” mentioned – these are residential properties outside the classic “holiday home” description, but might be a viable alternative as a base for holidays. They might also fare better as to re-sale value.
Lying on the Atlantic seaboard with good access to Shannon Airport, Clare is popular with tourists and offers stunning coastlines and the Burren National Park. It is also near enough to the urban centres of Limerick and Galway to provide shopping and cultural variety.
The average price of a holiday home in County should be around 100,000 to 110,000 Euros. However, expect to pay much more in desirable areas such as Lahinch.
As an alternative, you might think about buying an urban one- or two-bedroom apartment at around 40,000 to 50,000 Euros.
County Cork dominates the Irish south-west, and due to the massive size of the county there are also price differences reflecting the location and infrastructure. The latter can be a problem in some areas. The northern part of County Cork is not a tourist area as such.
The average price of a holiday home in East County Cork should be around 80,000 to 85,000 Euros. The western part of the county is “Holiday Central”, reflected by an average price of 160,000 to 170,000 Euros for a holiday home.
As an alternative, you might consider buying an apartment, this will be slightly cheaper in East Cork and a real bargain at around 70,000 to 90,000 Euros in West Cork.
Far from everything but Northern Ireland and the Atlantic, County Donegal is for those wanting solitude – you can really get away from it all here (occasional black-outs due to storm damage help).
The average price of a holiday home in County Donegal should be around 140,000 to 150,000 Euros - which might go up due to a strong Pound Sterling.
As an alternative, you might think about buying an apartment at around 65,000 Euros or even a decent house with three bedrooms in a town – a bargain at 90,000 to 100,000 Euros.
Once a very desirable area with holiday homes in the Connemara region commanding a premium, County Galway has “shrunk” towards the City. Prices reflect this – the loss on the value of a holiday home since 2007 is estimated at around 70%. Talk about burning money ...
The average price of a holiday home in County Galway these days should be around 105,000 to 115,000 Euros, with some desirable areas having slightly higher prices.
As an alternative, you might think about buying an apartment at around 75,000 Euros or even a semi-detached house at roughly 10,000 Euros more than a holiday home.
Being picture-postcard Ireland at its best, the rural backwaters of Kerry attract both overseas and domestic visitors by the score. Property prices seem not to have plummeted as sharp as in other areas, with Killarney still high on the list of sought-after locations.
The average price of a holiday home in County Kerry should be around 130,000 to 140,000 Euros. Expect to pay about 30,000 Euros more in Killarney and surrounding areas.
As an alternative, you might think about buying an apartment at around 75,000 to 80,000 Euros, or 110,000 to 130,000 Euros in Killarney.
Suffering slightly from the bad name of Limerick City (also lovingly called “Stab City”), County Limerick nonetheless provides many areas of scenic beauty and very peaceful rural environs. Very accessible through Shannon Airport.
The average price of a holiday home in County Limerick should be around 85,000 to 95,000 Euros.
As an alternative, you might think about buying a two-bedroom apartment at around 10,000 Euros less.
Still quite popular with tourists, holiday homes in Mayo have suffered far less during the downturn than those in neighbouring Galway.
The average price of a holiday home in County Mayo should be around 150,000 to 160,000 Euros.
As an alternative, you might think about buying an apartment at around two thirds of this price, or even a townhouse - the latter saving you around 25,000 Euros compared to a dedicated holiday home.
From a scenic point of view, County Sligo has it all – mountains, lakes, the Atlantic ... from a property point of view Sligo has too much. Here you'll definitely find a buyers' market, as many areas exploited government grants to the max, leading to an oversupply in housing.
Holiday homes have fared a little better, losing just about a third in value since 2007. The average price of a holiday home in County Sligo should be around 90,000 to 100,000 Euros.
As an alternative, you might think about buying an apartment at around 65,000 Euros or even a largish house in an urban setting for around 100,000 Euros. Note that Sligo Town proper commands much higher prices.
Holiday Homes in Other Areas of Ireland
Here is a rough run-down of prices for holiday homes in other areas:
- Prices for Holiday Homes on Ireland's Southern and Eastern Coast
- Prices for Holiday Homes in the Irish Midlands