Real Estate Alliance is anticipating a UK-driven buying boom here on foot of a property event hosted in London last weekend.
REA said nearly 300 people attended its Irish property Exhibition at the Hilton London Olympia.
Cash buyers were the order of the day – 92 per cent apparently – on foot of a survey conducted at the event and returned by more than 200 attendees.
It found that the majority of buyers (46 per cent) were aiming to spend between €100,000 and €200,000 here, while a further 42 per cent said they were looking for properties in the €200,000-€300,000 bracket and 9 per cent were seeking to spend over €400,000.
Investor interest was strong with 40 per cent indicating they were looking for buy-to-let properties, while 38 per cent were seeking a retirement home or planning to move back permanently.
REA says the UK
interest tallies with recent experiences of its members nationally who indicate 20 per cent of agents' overall enquiries now come from the UK – averaging 13 per cent of overall sales.
REA plans to leverage this further following a hook-up with the UK property website
rightmove.co.uk, that will see all REA properties for sale listed on the Overseas Properties pages of the site.
