West Cork Property Market Review 2024 and Forecast for 2025

As we step into 2025, it’s time to review the West Cork property market and explore what lies ahead in 2025. The residential property market in West Cork has been thriving, attracting both local buyers and international investors. With its stunning coastal landscapes, temperate climate, convenient access to Cork International Airport, and charming rural villages, West Cork remains a highly desirable location for homebuyers. Despite the ongoing supply challenges, the 2024 property market has shown remarkable strength. Let’s take a look back at 2024 and forecast the trends that will shape the West Cork property market in 2025.

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Key Highlights of the West Cork Property Market in 2024

The 2024 property market in West Cork was characterised by soaring demand and limited supply, resulting in residential price growth of 10%—with some areas seeing increases of up to 20%. Despite a rise in new builds, the supply of second-hand homes dropped by 20% compared to the previous year and is down 60% from pre covid. This imbalance between supply and demand drove intense competition among buyers.

Ireland’s housing market has seen substantial price growth over the last decade, with prices now 155.1% higher than their 2013 low point. This trend is driven by a combination of demographic pressures, rising construction costs, labour shortages, and government policies, making housing a challenging landscape for both buyers and sellers.

Most Sought-After Property Types in West Cork

• Energy-Efficient Homes: Turn-key properties with strong BER ratings are top of buyers’ wish lists, as they help reduce utility costs and avail of green mortgage rates. Learn more about how the BER impacts on property prices.
• Coastal Properties: The coastal market has been thriving, with significant interest from UK buyers and returning expats. In 2024, over 10 €1 million-plus properties were sold in areas like Kinsale and a further 10 €1 million plus properties sold in West Cork’s coastline, driven by demand for holiday homes and permanent residences.
• Country Homes with Land: Country properties featuring period charm and acreage are in high demand. Buyers often seek proximity to international airports, making West Cork an ideal choice. Limited inventory has driven competitive bidding, with homes selling well above asking prices.

Who’s Buying Property in West Cork?

• Downsizers

An increasing number of buyers aged 50–70 are looking to downsize or “rightsize” their homes. These buyers are often looking for low-maintenance homes like bungalows within their current areas. However, the lack of suitable properties for downsizing is creating a bottleneck in the market, with many downsizers unable to move forward with their plans. This has led to a shortage of larger family homes for trader-uppers.

• Trader Uppers

Families with growing children who need more space are still one of the most active groups in the West Cork property market. Trader uppers often seek homes with extra bedrooms, gardens, and proximity to schools and amenities. While some buyers are widening their search, many prefer to stay within close proximity to their existing locations for convenience.

• First-Time Buyers (FTBs)

First-time buyers were particularly active in 2024. These buyers are typically seeking modern, energy-efficient homes to take advantage of government schemes like the Help to Buy programme and attractive green mortgage rates. Due to the premium prices of new homes and a shortage of supply, many FTBs are extending their search to modern second-hand properties.

• Investors and Landlords

Despite strong rental returns, the buy-to-let market in West Cork is seeing some landlords exit due to rising regulations, high taxes, and the opportunity to sell at a premium price. Investors still remain cautious, focusing on properties that meet minimum rental standards and those that can be renovated without excessive cost. Many are also looking for properties eligible for the Vacant Property Grant.

Challenges in the West Cork Property Market

For Buyers

The biggest challenge for buyers in West Cork is the limited supply of properties. Bidding wars have become common, and many buyers are placing offers on several properties simultaneously. However, this can backfire, as sellers may choose a different buyer if they become aware of multiple offers.

For Sellers

Sellers are facing difficulties finding their next home due to the tight market. To ensure a smooth transaction, sellers should make sure their legal paperwork, planning permissions, and boundary issues are in order. This can help avoid delays or complications during the sale process. Check out the guide to preparing your house for sale here.

What’s Ahead in 2025? West Cork Property Forecast

The West Cork property market in 2025 is set to remain highly competitive, driven by continued high demand and persistent low supply. With interest rates projected to decline further and a fluid employment landscape, property prices are expected to rise by approximately 6% throughout the year.

• Demand for Energy-Efficient and Turnkey Homes

As environmental awareness increases, the demand for energy-efficient homes will continue to grow. Buyers will continue to seek modern, turnkey properties that are ready to move into.

• Overseas Interest in West Cork’s Coastal and Country Homes

West Cork continues to attract a growing number of buyers from the US and UK, captivated by its stunning scenery, temperate climate, and convenient access to international airports. Coastal properties and country homes with land remain particularly sought-after among foreign buyers.

We have observed a notable increase in enquiries from American buyers, particularly following recent political developments such as Trump’s victory. Similarly, heightened political tensions across Europe and the ongoing conflict in Ukraine have spurred interest from European buyers seeking stability.

Our international database has been instrumental in connecting vendors with overseas buyers, with many sellers opting for private sales of their country homes. West Cork’s location—geographically removed from potential conflict zones yet easily accessible—further enhances its appeal.

The combination of breathtaking landscapes, secure surroundings, and a stable climate makes West Cork an attractive haven for international property investors, with demand expected to grow even further in the coming year.

• Rising Interest in Neighbourhoods Outside the City Centre

Suburban and rural areas like Bandon are gaining popularity among cork city buyers seeking affordability, space, and proximity to nature. With hybrid work becoming more common, buyers are prioritising lifestyle over commute times. Areas outside corks city centre are perfect for families and remote workers. Neighbourhoods outside the city will likely see a rise in property values as demand increases.

Recent Property Sales in West Cork

2024 was a landmark year for property sales in West Cork, with several notable successes showcasing the region’s ongoing desirability:

• Kilbrittain: A stunning 5-bedroom coastal property, situated near the village, attracted global interest. Thanks to its turnkey condition and exceptional location, it sold well above the asking price to an Irish family.
• Skibbereen: This charming 2-bedroom bungalow, nestled in a rural setting, had previously struggled to sell with another agent. Our strategic marketing campaign generated widespread interest, particularly from Dublin and UK buyers, leading to a successful sale well above the asking price to a Dublin buyer.
• Castle Road, Bandon: Bungalows in this area are a rare find. We knew it would spark significant interest. A buyer from East Cork secured this property, with the sale exceeding the asking price.

These sales highlight the continued demand for coastal homes, turnkey properties, and rural gems in West Cork. If you’re considering selling your property, our tailored marketing approach and international reach can deliver results.

Thinking of Selling?

If you’re thinking of selling your property in 2025, now is the perfect time to take advantage of the high demand and limited supply in the West Cork property market. Whether you own a coastal property, a country home with land, or a turnkey bungalow, we can help you achieve the best price. Contact us today to start your property journey in 2025.

Top Tips for property buyers and sellers in 2025

Whether you’re buying or selling, preparation is key in 2025.

• For Buyers: Ensure you have proof of funds or mortgage approval ready. Act decisively when you find a property that meets your needs, as competition will remain fierce.
• For Sellers: Work with your estate agent to prepare your property for sale. Highlight energy-efficient features, ensure all legal paperwork is complete, and present your home in the best possible light to attract motivated buyers.

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