Why buying a home in Eire is the cutest move in Irish property investment.

Ireland which sits off the West Coast Of England and a few hundred miles away from France is also referred to as the Emerald Island because of the greenness of its countryside. 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 Economists quality of life assessment for 2005.

Ireland has a longstanding reputation for being one of the greener countries in the European Union compared to our European neighbors.With the expansion of the EU a massive amount of people are flooding the country as they can work here for as long as they want, you no longer require Visas and have no fear of being kicked out. One of our oldest trading partners the US is seeing many people invest in Ireland and buy up propertY as well.

Should you choose to live in Ireland then dont expect prices to be rock bottom if you are buying dublin property.The era of the Celtic Tiger (which was invented by the economist David Williams)has seen property values increase to an unprecedented level.Consequently, property in Ireland is not cheap.A study done by the IMF has seen residential home prices over valued by fifteen to twenty per cent.

You can expect to spend in excess of two hundred and fifty thousand euro for dublin real estate where you can only squeeze a few sardines into and the worst thing is that the location isnt top notch either.Move out to the suburbs and you can expect to pay anything up to 600,000 for a mediocre 1970s style home lacking in any great character or charm.Buying a character home dating between the 1850s and 1950s 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 irish 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.Buying houses to let them out has really taken off in the last few years.With money being so cheap it is hardly a surprise that people are taking the opportunity to buy another house.

Every day we hear the profits of doom and gloom sayiong we are on the verge of meltdown yet it doesnt seem to be the case just yet.There are two camps, one which claims that Ireland will go the way of countries in the Far East where they experienced massive growth for ten years then saw huge collapses which have still to see the economy coming out of a recession.

Recent studies have also shown that the property market is surging forward showing no signs of letting up.On the other side of the coin the canny investor who is thinking of houses for sale in dublin will have to become more streetwise as it will even more so become a case of location,location location,location.For the first time in ages yental yields have been slashed to under 3.5 percent so it is definitely becoming harder to find a good deal.Capital appreciation is the word of the moment as that is where all the growth is coming from, if you are relying on rent yields improving then you could be in for a long road ahead.

So, it may not be possible to buy at the prices that attracted thousands of Americans to the ireland real estate surge in the 80s.I am not saying that there are no good deals left, actually far from it, it is just that you may find yourself having to unravel the hidden little gems.