No they're not obligatory at all. If you don't want one tell your estate agent as such and they won't erect one.
Thanks for all your replies. I just have a (probably ridiculous) idea in my head that having a sign outside your house makes you a sitting duck for nosey parkers with nothing else to do on a Saturday afternoon. I feel serious buyers would be trawling the estate agents' windows and the internet rather than the back roads of Ireland!
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