Investors transform Kilkenny's Georgian gems

Kilkenny’s design-led architectural practice, Canice Architects, has reported a surge in overseas investors from the US and UK renovating Irish Georgian properties to their former glory over the past 5 years, with 80% of their business now coming from that market.

A further shift in the market has seen the majority of purchasers choosing to make these properties in Kilkenny their primary residence, rather than investments for the premium rental market.

Ireland has always been known for its historic 18th and 19th century Georgian properties characterised by their symmetrical designs, large windows and ornate details. ese properties have long been sought after by investors and homeowners alike, and now that Covid has brought a shift to hybrid working and fulltime working from home, as well as a desire for better quality of life, the trend has taken o . is along with improved connectivity and transport links has brought a new market of investors looking to make Ireland their base.

According to Damien Curry, Director with Canice Architects, who specialise in conservation and the creative and contemporary re-use of historically signi cant buildings, “one of the main attractions for overseas investors is the relatively low cost of these properties compared to similar properties in other parts of Europe.” Ireland's rich cultural heritage, skilled crafts people, stunning landscapes and friendly people also make it an attractive destination.

Damien also noted a change in the type of renovations in these historic properties. “We’ve seen a real move towards thermal upgrades and signi cant technology being installed in our conservation projects. Our clients are attracted by the history of the beautiful houses and are committed to conserving the unique architectural beauty of these period buildings.

“We work with talented craftspeople to restore di erent elements of the home back to their original glory. Owners also want their new homes to function in a modern world of sustainability and technology. We work with them to create environmentally e cient homes that have high-tech functionality, while maintaining the historic essence of the house.” e recent surge in overseas investment in these Georgian properties has a positive e ect on local life. e renovations not only restore the beauty of the properties but also create jobs locally, while owners put down roots in the local community. Damien said, “Many of these properties are listed buildings and require extensive renovation work, making them expensive to maintain. Overseas investors are stepping in, renovating these properties, and giving them a new lease of life. e trend shows no signs of slowing down, and we expect to see more and more overseas investors taking an interest in Irish Georgian properties in the coming years. With their exquisite designs and rich history, these properties are a valuable asset to the country and a testament to the enduring appeal of Georgian architecture.”