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Home | Business | Customer Service Add to this its age old reputation for a green and clean environment and Ireland is a very nice spot to live in.Already 60,000 US citizens have claimed a little bit of Ireland as their own, planning to live out their days in the Celtic gem and many of our fellow Europeans are doing the same Should you want to live in Ireland then dont think prices will be rock bottom.Increasing cash, because of the Celtic Tiger boom years has pushed property prices up to one of the highest levels in Europe.Because of this property is out of some peoples reach.An Economist study states that the value of houses is overvalued at anywhere between sixteen and eighteen per cent . You can expect to spend more thantwo hundred and fifty thousand euro for a house or flat where you can only squeeze a few sardines and the worst thing is that the location isnt the best either.Move out to the suburbs and you can expect to pay anything up to 600,000 six hundred thousand for a standard 1970’s.Buying an old home dating between the eighteen forties and 1940’s in Dublin and you can expect to pay anything between 730,000 and 1.55 million.If you feel you have more to spend and can manage it then there is no shortage of house for more than 1.4 in Irelands main city.If you are flash with the cash and need a bigger house then look at buying a house for a minimum of just under two million euro, this will get you a spectacular home indeed.If you are lucky you will only spend 400 thousand for a newly built house. Every day we listen to the naysayers of doom and gloom saying we are on the verge of meltdown yet it doesnt seem to be the case just yet.Ireland could become a bit like Monaco where you cant get your hands on a piece of property for less than 1 million, the reason for this is that Monaco is a tax haven. Recent polls have also shown that the irish property market is leaping forward showing no signs of letting up.On the flipside the shrewd investor will have to become more streetwise as it will even more so become a case of location,location location.While rental yields have fallen to less than three percent, Ireland has experienced the biggest property price increase in the European Union, with a 187% increase over the timeperiod between nineteen ninety seven and 2004.Whether rental yields recover or not, investors find fantastic returns in capital appreciation by itself. So, it may not be possible to purchase at the prices that attracted hundreds of US citizens to the Irish shores in the 80’s.It is still a possibility to find decent property, capable of yielding superb rental returns and increasing invalue steadily over time. Article Source: http://www.articlewheel.com
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