Goodbye commuter homes, hello rural living!

Swapping the city for country living!

If the experience of living in lockdown in the city has you yearning for country life, it seems that you are not alone. 

Many agents have seen a large interest from ex-pat & city based buyers over the last two weeks. It seems that Covid-19 has given city livers time to reflect on what they want from their homes and the kind of lifestyle they’d like to lead.

The success of the enforced remote working experiment is a key driver – with 78% of workers saying they’d like to continue to do so when the crisis is over. Those most keen were in the 31- 40 age group.

Enticed by access to nature, lower property prices and the allure of a non-existent commute, it’s likely that interest in rural property going to continue surge over the coming months.

Read full article: Independent.ie

68% of potential buyers are planning on purchasing a property within the next year.

·     68% of potential buyers are planning on purchasing a property in the next year

·     37% expect property prices to fall by over 10% in the next year

·     69% believe the Government could do more to help the property sector

• 59% believe Covid-19 will lead to more online processes in general in the long  term to minimize unnecessary contact

Prospective homebuyers are still confident about their ability to buy despite the interruption to the market as a result of Covid-19, according to a new survey. The survey, from leading property website MyHome.ie, suggests that 68% of prospective buyers are still planning on buying a new property in the next year. This correlates with a general expectation that prices will drop significantly – with over a third (37%) believing prices will drop by over 10% in the next 12 months. Six out of ten respondents believe next year will represent a good time to buy property. The survey of 1,981 people also found that 69% of respondents believe the Government could do more to help the property sector during Covid-19. The virus is expected to have significant long-term effects, with 59% of respondents believing it will lead to more online processes in general to minimize unnecessary contact. Meanwhile, 21% believe it will lead to quicker sales processes in general. When asked what factors would encourage them to buy a property now, 35% said more available housing stock, 33% said more overall confidence in the economy, and 33% also said an easing of mortgage lending rules. Half of respondents (51%) believe online viewings and virtual tours are effective ways to view a property. Source My home.ie .