Broadband, home office, garden: House buyers quit cities for home towns as remote working trend continuesworkig

House hunters are returning to their native counties as they turn their backs on city living and take advantage of remote working.

ew housing data show prices in the country’s regional towns have risen by almost 1pc in 12 weeks to €163,345, compared to less than 0.5pc experienced in bigger population centres. The average time to sell a property has fallen 30pc.

The trend confirms a change in buyer priorities for home-buying as the Covid pandemic has demonstrated that working from home is a viable option for tens of thousands of people.

The Irish Independent/ Real Estate Alliance (REA) Average House Price Index also shows that, nationwide, property prices continue to hold up.

The sale value of a three-bedroomed semi-detached house across the country has risen slightly – up by 0.6pc on average over the past three months to €236,046, a rise of 0.4pc compared to a year ago.

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A nationwide rush to buy has caused the average time taken to sell a property to tumble from 10 weeks in June to seven in September.

Buyers are expressly asking for homes based on broadband coverage, home office potential, and garden space rather than factors such as commuter-friendliness and transport links, which have previously dominated.

“Maybe one in five purchases is from people cashing in on their sales in Dublin and moving to larger houses down the country. People are making life-changing decisions to be based down the country,” said Harry Sothern, of REA Sothern in Carlow.

In a busy last period, REA Dawson in Tullow also reports selling a number of houses to clients who are now planning to work from home.

“It is clear that broadband is absolutely key for buyers and good amenities and space have become more important than transport links and commuting time,” said REA spokesperson Barry McDonald.

In Leitrim, property is now selling within five weeks of coming on the market.

REA agent Joe Brady is seeing clients buy in Leitrim with the intention of spending a maximum two days a week working in Dublin, a two-hour train journey away.

Properties with home office potential are being snapped up around the country, with REA Seamus Carthy in Roscommon having 43 potential buyers on a waiting list for homes with garden space priced between €350,000 and €500,000.

“All of the buyers are families who are either moving home or have decided to move out of bigger urban locations in search of more space and a better quality of life,” he said.

“We have also seen a resurgence in demand in coastal areas such as west Cork, Kerry, Waterford and Donegal as ­people realise that holiday homes can be more permanent.”

Meanwhile estate agents in the big cities and regions alike are reporting both a rush to buy and a reluctance to sell that is causing concern over market distortion.

In the cities, buyers are also anxious to conclude deals, but for different reasons.

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Broadband, home office, garden: House buyers quit cities for home towns as remote working trend continues

House hunters are returning to their native counties as they turn their backs on city living and take advantage of remote working.

ew housing data show prices in the country’s regional towns have risen by almost 1pc in 12 weeks to €163,345, compared to less than 0.5pc experienced in bigger population centres. The average time to sell a property has fallen 30pc.

The trend confirms a change in buyer priorities for home-buying as the Covid pandemic has demonstrated that working from home is a viable option for tens of thousands of people.

The Irish Independent/ Real Estate Alliance (REA) Average House Price Index also shows that, nationwide, property prices continue to hold up.

The sale value of a three-bedroomed semi-detached house across the country has risen slightly – up by 0.6pc on average over the past three months to €236,046, a rise of 0.4pc compared to a year ago.

Close

Click to view full size image


Click to view full size image

Click to view full size image

A nationwide rush to buy has caused the average time taken to sell a property to tumble from 10 weeks in June to seven in September.

Buyers are expressly asking for homes based on broadband coverage, home office potential, and garden space rather than factors such as commuter-friendliness and transport links, which have previously dominated.

“Maybe one in five purchases is from people cashing in on their sales in Dublin and moving to larger houses down the country. People are making life-changing decisions to be based down the country,” said Harry Sothern, of REA Sothern in Carlow.

In a busy last period, REA Dawson in Tullow also reports selling a number of houses to clients who are now planning to work from home.

“It is clear that broadband is absolutely key for buyers and good amenities and space have become more important than transport links and commuting time,” said REA spokesperson Barry McDonald.

In Leitrim, property is now selling within five weeks of coming on the market.

REA agent Joe Brady is seeing clients buy in Leitrim with the intention of spending a maximum two days a week working in Dublin, a two-hour train journey away.

Properties with home office potential are being snapped up around the country, with REA Seamus Carthy in Roscommon having 43 potential buyers on a waiting list for homes with garden space priced between €350,000 and €500,000.

“All of the buyers are families who are either moving home or have decided to move out of bigger urban locations in search of more space and a better quality of life,” he said.

“We have also seen a resurgence in demand in coastal areas such as west Cork, Kerry, Waterford and Donegal as ­people realise that holiday homes can be more permanent.”

Meanwhile estate agents in the big cities and regions alike are reporting both a rush to buy and a reluctance to sell that is causing concern over market distortion.

In the cities, buyers are also anxious to conclude deals, but for different reasons.

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Renters reveal garden, double glazing and fast broadband are must haves for buying first home

Renters have revealed the must-have features for their first owned home – with a garden and high-speed broadband topping the list, research has revealed.

A survey of 1,000 tenants revealed they would happily move up to 20 miles if it meant they could get onto the property ladder.

A survey of 1,000 tenants revealed they would happily move up to 20 miles

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A survey of 1,000 tenants revealed they would happily move up to 20 miles Credit: Alamy

But before putting down their deposit, they would want to find a home with an allocated parking space, separate toilet, en-suite bathroom and a new boiler.

And 12 per cent said they would like a home office – a sign of how society has changed over the past six months.

However, while 81 per cent of those surveyed aspire to own their home, 68 per cent fear they’ll never be able to afford to.

The research, commissioned as part of Shared Ownership Week which aims to help people with smaller budgets get on the property ladder, revealed the average tenant has been renting for 10 years and has more than £13,000 saved towards a deposit.

A spokesperson for Shared Ownership Week said: “The situation this year has changed our outlook on life and with people spending more time at home.

“As a result, it seems things like high speed broadband and an outdoor space are now among the most important features.

The survey of tenants who live in London and the south east also found that a detached home just pipped an apartment to the most desirable type of property, with two bedrooms the optimal figure for most.

Location is the most important factor when looking at a first home, followed by affordability and size.

But 62 per cent would compromise on the location if it meant being able to own a home, while 60 per cent would settle for a smaller property than they’d really like.

It also emerged just 28 per cent of the respondents knew if they were eligible for a shared ownership property, which typically involves buying a 25 per cent share of a new build.

And in a separate nationwide study of 1,000 Brits, carried out via OnePoll, almost three quarters (73 per cent) said they had heard of shared ownership.

But only six in 10 (61 per cent) think everyone should aspire to own their own home, with 47 per cent believing renters should be encouraged to buy a property under

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