West Cork is more popular than ever.
West Cork has always been one of Ireland’s prime locations. The people of Ireland have known about the area’s natural beauty and glorious coastline, but villages like Schull have become more popular than ever since the onset of the Covid-19 pandemic.
The latest Coastal Report by Daft reveals that house prices in Schull have leapt by 33.6% over the last year, from €297,062 for a three-bedroom house to €396,811.
Data from Daft also suggests that more and more people are aspiring to live in Schull, with searches for property in the area increasing by a whopping 75% — the largest increase seen in any area throughout the pandemic.
It’s a trend that has been reflected in coastal areas of other counties as well, with similar jumps at Wexford’s Kilmore Quay, in Lahinch, and Carlingford, Co. Louth.
The data suggests that factors in the last year – such as working remotely, and the closure of many amenities – is driving people out of cities and towards more scenic locations.
Dr. Tom Gillespie, an environmental economist at NUIG describes the phenomenon: “The premium for properties in these coastal areas – which range from Carlingford and Rosslare on the east coast, through Kilmore Quay and Schull on the south coast to Lahinch, Renvyle and Dunfanaghy on the west coast – has grown dramatically over the last year. As a result of the increased premium a property in these coastal areas isnow 23% more expensive than before the pandemic.
“This compares to a national average increase of just 8.7% in the same period. Alongside the analysis of the change in premium over time, we give specific focus to a number of well known coastal areas.
“Places like Lahinch in Clare and Kilmore Quay in Wexford have seen the average price of a 3-bed house increase by 39% and 54%, respectively, in the year since the start of Covid-19 compared to the year preceding Covid-19.”