Irish Times – London Property Show

April 30, 2019
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People looking to come home to Ireland cannot afford Dublin

Sherry FitzGerald London Property Show demonstrates the ‘revival’ of regional Ireland

Ellen O’Riordan

Nicola Dunne is not tired of London, but there are days when it is exhausting. Like many others attending a London property show this week for those thinking of moving back to Ireland, she is contemplating a return.

However, she is torn. “There is the worry that I will move back home and think what have I done. But then London has a bit of an expiry date on it. It’s just so draining,” she said.

If she does come back, the Mayo-born Dunne, like others present at the invite-only Sherry FitzGerald London Property Show, is not thinking about living in Dublin, put off by the thought of paying high rents.

From Mayo Abbey near Claremorris, Dunne moved to Leeds in 2008 before moving down to London eight years ago, working first for ITV News and now as a freelance stylist.

“London is extortionate to live in and you get to a point where paying so much money for an apartment is just depressing. Dublin wouldn’t be any different,” she said.

Saying she feels “like a Londoner”, Dunne is tempted by the slower pace Mayo could offer: “Whenever I go home I feel so relaxed and all I want to do is stay. Then I arrive back in London and the buzz is amazing.”

Despite predictions that Brexit will increase demand in stock, the focus at the exhibition was on properties outside the capital, with sellers hoping to demonstrate the “revival” of regional Ireland.

Des O’Malley, head of countrywide at Sherry FitzGerald, said more and more people were looking outside of Dublin, given prices in the capital: “Many people come over and look at Dublin.

“Then, [they] look at the value and realise it is just not doable. Ireland’s other cities are at various stages of revival, and I think these will counter-balance the Dublin market.”

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