Who is buying Ireland's most expensive homes? Tech workers, expats and wealthy newcomers
Published
A new report from The Irish Times looks at the people buying Ireland's most expensive homes. The buyers are a varied group. They include young tech workers in their twenties who wear jeans and have a relaxed style, as well as wealthy people in their forties who have family links to Ireland.
The high-end property market is small, but it has grown more diverse in recent years. Some buyers work in the technology sector, which has expanded quickly in Dublin and other cities. Others are expatriates, Irish people or their descendants who have lived abroad and now want to return. The article also mentions what it calls "super rich climate refugees", a term used for wealthy people who may be moving to places they see as safer from the effects of climate change.
The trend shows how the housing market in Ireland is changing. Prices for expensive homes remain high, while many ordinary buyers and renters still find it difficult to afford a home. Experts often point out that the wider housing shortage affects the whole market, not just the luxury end.
The Irish Times article suggests that the people buying the most expensive properties are no longer only from traditional backgrounds. As the market changes, the question of who can afford to live in Ireland's best areas is likely to remain an important topic for buyers, sellers and policymakers.
Sources: The Irish Times
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