Real Estate Information

Luxury Real Estate Information

Rancho Palos Verdes, California Homes
Palos Verdes, California Homes
South Bay, California Homes
Luxury Mexican Beachfront Homes

Featured Properties

Oceanfront Estate Near Trump National

Related Information

Loan Information
Real Estate Information
Mortgage Refinance Information

The Irish Property Market - Expensive But Worth It?

Lying on the edge of Europe facing out to the Atlantic Ocean sits Ireland, one of Europe's smallest countries and often described as 'The Emerald Isle". A beautiful country characterised by vibrant, colourful cities and towns set amidst endless unspoilt green fields, Ireland is now officially the best place in the world to live. Combining increasing wealth with traditional values gives Ireland the conditions most likely to make its people happy, according to the Economist's quality of life assessment for 2005.

Add to this its longstanding reputation for a green and clean environment and Ireland has become a very desirable place to live in. Already 60,000 Americans have claimed a piece of Irish soil as their own, planning to live out their days in the Celtic gem and many of our Europeans neighbours are following suit.

Ireland's desirability comes at a cost. Increasing wealth, resulting from the Celtic Tiger boom years has pushed property prices up to one of the highest levels in Europe. Consequently, property in Ireland is not cheap. A recent International Monetary Fund study revealed that Irish house prices are overvalued by 10-20%. It's almost impossible to find a house in Dublin, the city's capital for under ?200,000 and anything that becomes available for less tends to be the size of a shoebox or in typically undesirable locations. Move out to the suburbs and you can expect to pay anything up to ?600,000 for a mediocre 1970's style home lacking in any great character or charm. Buying a character home dating between the 1850's and 1950's in Dublin and you can expect to pay anything between ?600,000 and ?1.5 million. New homes tend to be the cheapest to buy, averaging around ?300,000.

The demand is fuelled further by an increasing interest by the Irish themselves in property investment. The uncertainty following 9/11 has led many to see property investment as a more reliable alternative or supplement to the pension fund! One third of all mortgage lending by Irish financial institutions funds people investing in the buy-to-let sector. There is much speculation about how long the investor buzz can be sustained and how much further prices can rise. Will the market collapse or will Ireland become an exclusive property market, similar to Jersey in the Channel Islands, where properties under the ?1 million mark are the exception?

All indications suggest that Ireland will continue to sustain growth in the property market. However, the intrepid investor or buyers seeking a new home in Ireland may want to consider carefully how and where to invest in the Irish property market. While rental yeilds have fallen to under three percent, Ireland has experienced the biggest property price increase in the EU, with a 187% increase over the period between 1997 and 2004. Whether rental yeilds recover or not, investors find excellent returns in capital appreciation alone?

So, it may not be possible to buy at the prices that attracted thousands of Americans to the Irish shores in the 80's. It is still possible to find good value property, capable of yielding reasonable rental returns and appreciating steadily over time.

Tracey Meagher owns and maintains, a website offering free property investment ebooks and articles. A full detailed version of this article is available at the PropertyAuthors website. She also runs many property newsdesks, including Property Newsdesk Central and Eastern Europe and Property Newsdesk Bulgaria

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at


How To Win A Real Estate Bidding War: Advice From The Pros
Listen to Paul, Habibi, Continuing Lecturer of Finance and Real Estate at UCLA Anderson School of Management. Have a plan in place where you know you what your number is before you even make your offer. Buying a personal residence that others want ...

Hamptons Independents

James R. McLauchlen Real Estate
Hamptons Independents
Jim: I think what sets me apart is that real estate is in our family bloodline. My grandfather, who had summered in Southampton since the 1940s, started our company in 1962. He sold many important properties, including the oceanfront Du Pont Estate on ...

and more »


Real Estate Pros Share Their Favorite Resource For Market Trends
This is especially important for real estate professionals, who must contend with rapidly changing price points, demographics and client preferences. Sharing the latest, most up-to-date listings and statistics with your clients will inspire trust and ...

New York Times

House Hunting in … Bermuda
New York Times
Bermuda's pink sand beaches and turquoise waters have long been major draws for foreign buyers, along with the country's low crime rate and bustling financial center. But the luxury market slowed considerably after the 2008 financial crisis. “There was ...

Miami Herald

The hunt for dirty money in Miami real estate is working — and will continue, feds say
Miami Herald
The federal government says its hunt for dirty money in luxury real estate in South Florida and other high-priced housing markets is working — and the temporary initiative is being extended yet again. Since 2016, the U.S. Treasury Department has ...

and more »

Bombing suspect dead, Austin real estate community remains vigilant
The real estate community of Austin — which had been on high alert — responded with cautious relief. The Austin Board of Realtors (ABoR) interim CEO, Emily Chenevert told Inman today in an email: “While authorities confirmed this morning that the ...

and more »

Wall Street Journal

Getting Started With a Career in Real Estate
Akron Beacon Journal
Starting from the beginning, you'll need to complete the necessary coursework to obtain a real estate license from your state. Courses can typically last between 1-8 weeks and cover everything from work ethics to consumer protections and discrimination ...
How to Sell Your Home Without a Real-Estate AgentWall Street Journal

all 3 news articles »

The Mercury News

Travis Kalanick buys real estate company, takes CEO reins
The Mercury News
Former Uber Chief Executive Travis Kalanick talks to the media during an event at the 2016 Breakthrough Prize awards ceremony at NASA Ames Research Center, in Moffett Field Mountain View, on Sunday, Nov. 8, 2015. Kalanick said late Tuesday that he's ...
Ex-Uber CEO Travis Kalanick's Next Act: Real-Estate DevelopmentWall Street Journal
Uber co-founder Kalanick shifts gears to real estate startupPhys.Org
Uber founder Travis Kalanick has a new gig in real estateFox Business
Bloomberg -Recode -San Francisco Business Times
all 44 news articles »

Report: Houston real estate to benefit from better job growth
Houston's rosier than expected job growth in 2017 has positioned the local real estate market to gain strength across the board, Houston-based real estate valuation firm Deal Sikes & Associates said in a report. The Houston region added 62,900 jobs ...


Artificial intelligence the latest competition for real estate agents
To sell homes, REX Real Estate Exchange's computers crunch over a hundred thousand data points to identify thousands of likely buyers and targets them with digital ads.
Cloudvirga Launches New Mobile App to Connect Real Estate ...PR Newswire (press release)

all 4 news articles »

Google News

home | site map