Christie’s International Real Estate, the world’s leading network of luxury brokerages and a part of Christie’s auction house, is proud to announce the sale of Sorrento House. This fully renovated masterpiece achieved a price in excess of €10 million, Dublin’s highest sale price in seven years.
“This benchmark sale is a strong indicator that the Irish market is on the uptick,” says Dan Conn, CEO of Christie’s International Real Estate. “It also underscores the enduring value of prime real estate.”
Few houses can boast such a spectacular setting—the stunning backdrop of Dalkey Island, the vista across Killiney Bay to Bray Head and the dramatic Wicklow Mountains beyond.
Joachim Wrang-Widen Senior Vice President at Christie’s International Real Estate for Europe, Middle East and Africa says “Compared to some other European countries affected by the economic crisis, Ireland has restructured itself. The Irish economy was pre-crisis overly influenced by real estate & associated industries and the economic crisis has eliminated this over-dependency. Renewed confidence in the economy and the real estate market in general has brought a return of buyers and has generated more interest from both domestic and international buyers. This transaction underlines the on-going recovery in the top-end of the greater Dublin market and verifies that exceptional properties – like Sorrento House – offering unique amenities will find buyers.”
What distinguishes Sorrento house from other impressive waterfront properties—apart from its grand architecture, uninterrupted views, welcome privacy and immaculately landscaped gardens—is the ease of access to the city. David Ashmore of Sherry FitzGerald says, “This is the highest price achieved for a Dublin residential property, certainly one in use as a private home, since the downturn.”
About Christie’s International Real Estate
Christie’s International Real Estate is an invitation-only Affiliate network composed of the world’s most proven and qualified real estate specialists in the luxury residential sector. The company has offices in London, New York, Hong Kong, Los Angeles, Moscow, and Palm Beach, and more than 135 global Affiliates with 32,000 real estate professionals in 47 countries. For additional information about Christie’s International Real Estate, please visit www.christiesrealestate.com.
About Sherry FitzGerald Group
The Sherry FitzGerald Group is thirty years old this year and is Ireland´s largest property and mortgage advisory firm, with a family of brands and a nationwide strong branch network. The Residential arm of the Group encompasses 14 wholly owned branches in Dublin, one wholly owned branch in Cork City and a national franchise network with over 80 offices across the country. Sherry FitzGerald is the exclusive Irish affiliate of Christies International Real Estate, the largest international network of real estate agents specialising in the marketing and sale of high-end properties in 45 countries. Please visit www.sherryfitz.ie