Ireland’s most expensive properties sold in 2021

The residential real estate market rebounded last year following the easing of Covid-19 restrictions, with the value of houses and apartments sold increasing by 21%.

An analysis of the Residential Property Price Register shows that the total value of all homes sold in 2021 was over €19.6 billion, an annual increase of €3.4 billion.

The figures were boosted by the sale of housing estates and entire new buildings by developers to real estate investment companies.

The number of house and apartment sales rose 15.5% to nearly 57,000, although about 200 sales included many homes.

The number of sales recorded in the register increased by more than 7,600 compared to the previous year.

A total of 56,992 sales were recorded last year, down just 3.3% from pre-Covid levels of nearly 59,000 in 2019.

Figures show that homes in Dublin accounted for almost three in 10 sales, while almost 80% of all residential sales over €1 million were for properties in Dublin.

Prices above €1 million were secured for the sale of more than 1,300 properties, including 88 at over €5 million.

However, the majority of the most expensive transactions involved sales of new housing developments to investors.

The biggest deal recorded last year was €170.1million paid for the 435 apartment development being built by Seán Mulryan’s Ballymore Group at Royal Canal Park in Pelletstown, Dublin 15.

The 8th Lock residential area, which consists of five apartment buildings ranging from four to 13 stories, is not expected to be completed until March 2025.

The buyer, Union Investment – the investment division of Germany’s second-largest banking group, DZ Bank, is behind one of Ireland’s first major property deals, where term funding is provided by the end investor .

The next highest figure was £57.9m spent on 151 apartments in the Beech Park complex being developed by the O’Flynn Group in Cabinteely, Co Dublin.

The most expensive residential property deal outside Dublin last year was £23.9m for 71 flats at Dargan Hall in Bray, Co Wicklow.

The highest price for a detached house was the £13.25million paid for Lissadell – a detached Edwardian house in Ballsbridge’s ’embassy belt’ on Shrewsbury Road – which was reportedly bought by property developer Pat Crean, the general manager of the Marlet Group.

The luxury mansion, which was extended by its former owner, Northern Irish-born investment banker Martin Shields and his wife, Francesca McWilliams, contains a swimming pool, wine cellar and staff accommodation.

The second highest price for a property was the £11.5million spent by one of Ireland’s wealthiest people, John Collision, to acquire a stately 18th century mansion on the Abbey Leix estate in Abbeyleix , Co Laois.

The Limerick-born co-founder of Stripe reportedly paid around £20m for the entire estate, which includes 10 houses and cottages and a stud farm.

The house, which is the ancestral home of the de Vesci family, was previously owned by businessman Sir David Davies.

Mr Collision and his brother Patrick, who co-founded the online payment platform, had their personal wealth estimated at 9.65 billion euros each by the Bloomberg Billionaire Index last year.

The third most valuable residential sale was the €10.65million paid for Sorento House – the end-of-terrace villa on what is considered Ireland’s most expensive address, Sorento Terrace overlooking the Bay of Killiney.

The house with panoramic views of Dalkey Island, Killiney Hill, Bray Head and the Sugarloaf has been sold by British IT recruitment entrepreneur Bill Bottriell to an anonymous UK-based Irish businessman.

Other high-value deals included a figure of just over €3million paid for Lough Rusheen House in Knocknacarra, Co Galway – a luxury country house on the shores of Galway Bay.

A country mansion in Co Limerick which has been described as one of the finest homes in Ireland – Fedamore House in Fedamore – has been sold for £2.6million.

The large estate, previously owned by Gerry McManus – the younger brother of famous businessman and horse owner, JP McManus – is listed in the National Inventory of Architectural Heritage and includes a large heated indoor swimming pool, sauna, cinema , sports hall and lighted artificial pitch.

Dunbrody House in Duncannon, Co Wexford, run by celebrity chef Kevin Dundon and his wife, Catherine went on the market for over £2.15million in May last year. Photo: Arthur Ellis

The most valuable house sold in Cork last year was the Rocket House – a former coastguard station in the West Cork village of Castletownshend – which fetched well over £2.5million from its original price of just under 2 million euros.

The Residential Property Price Register lists the sale of the award-winning Dunbrody House country house and restaurant in Duncannon, County Wexford, led by celebrity chef Kevin Dundon and his wife Catherine for over £2.15million euros in May of last year.

However, the deal is believed to relate to a transaction between companies owned by the Dundons, which is similar to another intra-company sale of the property in 2015 for a similar price.

Most valuable properties by county

county

Address

Price (€)

Carlow

Milford House, Milford, Carlow

€1,125,000

cavan

Lough Sillan House, Carrickacreeny, Shercock

€1,000,000

Claire

The Old Rectory, Mountshannon

€1,500,000

Cork

The Rocket House, Castletownshend

€2,549,990

Donegal

Apple Tree House, Gortflugh, Rathmullen

€1,070,000

Dublin

Lissadell, 9 Shrewsbury Road, Ballsbridge

€13,250,000

Galway

Lough Rusheen House, Barna Road, Knocknacarra

€3,020,000

Kerry

Cosha North and Treanmana, Madam’S Island (2), County Kerry

€1,270,000

Kildare

20 Churchfields, The K Club, Straffan

€2,000,000

Kilkenny

Kilcreene Lodge, Kilkenny, Kilkenny

€4,250,000

Laois

Abbeyleix East, Abbeyleix, Laois

€11,500,000

Leitrim

Hillview, Hartley, Carrick-on-Shannon

€405,000

Limerick

Fedamore House, Fedamore, Limerick

€2,600,000

Longford

Viewmount House, Viewmount, Dublin Road

€955,000

Louth

Roxbury House, Cartown, Termonfeckin

€1,350,000

mayo

Helensville, Rosberg, Westport

€1,250,000

Meath

Headfort Court, Kells, Meath

€1,150,000

monaghan

Greaghdrumneisk, Carrickmacross, Monaghan

€580,000

Offali

5 Johns Shopping Centre, Birr, Offaly

€670,000

Roscommun

Barrymore, Athlone, County Roscommon

€820,000

Sligo

20 Dorrins Strand, Strandhill, Sligo

€705,000

Tipperary

Garry Kennedy House, Portroe, Tipperary

€1,400,000

Waterford

Salterbridge House, Salterbridge, Cappoquin

€2,270,000

Westmeath

Dunboden House, Dunboden Estate, Gaybrook Mullingar

€805,000

Wexford

Clonganny House, Ballygarret, Gorey

€1,477,750

Wicklow

Dunsallagh House, Kilgarron Hill, Enniskerry

€2,350,000

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