Be careful what you wish for before you try to cash in on rural property boom
Surging interest in rural properties has been a key result of the fallout from Covid-19. City folk are looking for space, gardens, fresh air and good transport links it seems, so can we expect a property boom in rural Ireland?
Early indications from the IPAV price barometer say there is strong activity in some quarters of the housing market. Rural auctioneers have also reported that the level of enquiries for one-off houses with room for a pony has shot up.
The lockdown has seen many people re-evaluate their living situation, with many starting to look at the inflated property prices in our cities and ask is it really worth it?
For those forced to work from home, space has become king be it space for the home office or space to sit out in a back garden, or space to feel safe away from the crowds in cities.
Those with holiday homes that have broadband must be thanking their lucky stars!
Drive down any rural road and already there’s plenty of one-off housing or strip bungalow builds, creating a weird urban sprawl in and out of small towns and villages that have been heartless and soulless for years.
Houses sat idle during the day while those paying for the house spent hours commuting. But now it seems broadband is top of the shopping list for house buyers so they can work from home. Access to the countryside is not top of the agenda for everyone, but a significant 35pc list it as important on their shopping list.
Any lift in the number of young people moving to rural Ireland is to be welcomed, especially when these people don’t leave their houses idle all day but actually live in the community.
But before putting up the ‘site for sale’ sign to cash in on a rural housing boom, it should be remembered that not everyone views life in the countryside the same.
The price of a site might seem cheap when your new neighbour is complaining about the smell of slurry, tractors leaving muck up on the road or your cattle breaking in and damaging a landscaped lawn.
On the other side the new neighbours may have a dog or two, left to roam the countryside unchecked. The site could cost more in the long term that it’s worth. Be careful what you wish for!