Meta chief executive paid roughly €20m for gothic-style mansion built in 1830 and its surroundings
It stretches the definition of pied-à-terre but Mark Zuckerberg now has a pad in Ireland: Strancally castle.
The Meta chief executive and his wife, Priscilla Chan, have bought the gothic-style mansion and its 178-hectare (440-acre) estate in county Waterford to use as a base during visits to Ireland.
“Mark and his family are excited to continue caring for this historic home and look forward to spending time in Ireland, where Meta maintains its international headquarters,” a spokesperson said on Thursday.
The price paid in the off-market deal is not known but the Irish Times, which first reported the sale, estimated a value between €20m (£17m) and €30m: approximately 10% of the cost of his 387ft superyacht.
Why is housing expensive while job opportunities are low? Is it only true for cities like Dublin or generally true?
It became the whole, you can still commute to Dublin, so prices krept outwards.
The number of houses was very low, 2008 killed a lot of these housing plans and they never really restarted. Houses kept going up and up due to lack of supply. 3 generations living under the same roof is common.
But even places like Cork or Limerick have seen a big raise in price. Remote work or even hybrid allowed people to go further and prices obviously followed…