Negative interest rates driving up prices of holiday homes

Property Focus: The coastal town of Lahinch has seen house prices reach record highs

Lahinch continues to attract high-spending holiday home buyers. Pic: Press 22

The price of holiday homes on Ireland’s scenic West Clare coast seems to have hit an all-time high.

Shortage of supply, at a time when staycationing has become the main option for holidaymakers, has seen houses sell for prices that wouldn’t have been dreamed about before the pandemic. And while other parts of the country have seen an influx of buyers planning to work from home in rural areas, Co Clare auctioneers say the highest level of demand has been for holiday homes.