Property in Ireland

Real estate in Ireland. Daily market review.

"The emerald Isle" (the informal name of Ireland) is practically not considered by the Russians as a direction to buy a home abroad. Lacking sun and warmth, our compatriots look to the South and neighboring countries. However, buying property in Ireland has its obvious advantages.

First of all, Ireland offers the best conditions for doing business. Preferential taxation system and the availability of free economic zones attract the attention of many foreign businessmen. The country is of great interest to those Russians who want to get a good European education, especially that of the Irish universities accept Russian passports.

Over the past 15 years the real estate market Ireland has experienced an incredible rise and equally stunning fall. From 1997 to 2006 year, housing prices in Ireland have increased more than in 2 times, but then the country fell on hard economic crisis that led to falling prices. As a result, in the third quarter of 2010, average cost of homes in the country fell by 36% relative to the maximum values of 2006 year.

The decline in market prices is continuing, but some experts believe that in 2011 they reach the bottom, then start the market recovery. In this regard, the acquisition of property in Ireland can bring good dividends.

The most promising for buying the property are the island's capital – Dublin, Galway city in the East and cork in the South. In Dublin experts advise to pay attention to the Central areas of the city, as well as the areas of Dublin 4, Stillorgan, Sandyford, Rialto, Drummond and Sentri.