Transactions in this market are defined as deals greater than one million euros and located outside of Dublin, the major regional cities, and north Wicklow.With the average deal value remaining at approximately €1.5m, the figures show that the increase was driven by more transactions taking place in 2022, with 130 compared to 86 in 2021.
International buyers accounted for 43% of deals, while cash buyers remained the dominant financing arrangement, with 90% of buyers in this market segment acquiring properties without financing agreements, up from 87% in 2021. "Buyers in this segment of the market are likely to be in more senior positions so are granted more flexibility in how they allocate time between the office and working from home," he said.