Tipperary property seminar hears of huge rise in interest from US and ex-pats buyers

Some of the most expensive properties in the country so far this year have been in Tipperary, it was revealed at a presentation organised in Nenagh by Sherry FitzGerald offices in Thurles, Cashel, Nenagh last week.

The Barne estate outside Clonmel, which comes with a chateau-style house and 750 acres, has an asking price of €13.5m, Roseanne De Vere Hunt, Head of Country Homes, Farms and Estates at Sherry FitzGerald, and affiliated to Christies International, told the gathering of auctioneers, business people and solicitors in the Abbey Court Hotel, Nenagh.

The property has been in the ownership of the same family since the 17th century.

Ms De Vere Hunt, of Sherry FitzGerald Cashel, also revealed that in north Tipperary, Slevoir House near Terryglass on the shores of Lough Derg fetched over €2.95m. The property comes with 1.4km of lake frontage and 120 acres.

Not too far behind came Derrymount, Derrycastle, at the other end of the lake near Ballina, which went for over €1.4m and was purchased as a second home.

She said that properties throughout Ireland had attracted buyers from the US market, along with high net worth Irish buyers, many of them ex-pats.

Ms De Vere Hunt told the gathering that US interest in Irish property had been strong over the past six months, with Americans liking the fact that we are the only English speaking in the EU, the low stamp duty was attractive and Ireland had a relatively low property tax. They also like our golf courses and our connections to the UK and Europe.

With the EU Nitrates Directive in the news these days, as well as a drop in milk prices, she said that there was a surge by farmers to invest in land banks but there was a lack of supply and good

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