Why investing in a home in Eire is the smartest move in Dublin property investment.

One of the greenest countries in the world is perched not far from mainland and is known as the Emerald Isle as well as Eire, one of the reasons they call it the emerald isle is because of the amount of rain it gets. The Financial Times, one of the most widely read papers in the business sector voted Ireland in its top 3 most desirable place to live in the world, another reaosn was down to its happy population as well as thriving towns and cities.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.

If you want to live in the Emerald Isle and invest in dublin property then it is expensive.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 recent International Monetary Fund study revealed that Irish house prices are overvalued by 10-20%.

Its almost impossible to find good dublin real estate for under 200,000 and anything that becomes available for less tends to be the size of a shoebox or in typically undesirable locations.If you want to move to the burbs then expect to see seven hundred thousand fall out of your bank account for an average house built in the nineteen seventies.Flash with the cash and need a bigger house then look at buying a house for a minimum of 1.6 million euro, this will get you a very nice home indeed.New homes tend to be the cheapest to buy, averaging around 300,000.

The majority of the Irish population feel a strong need to own their own irish property rather than rent it, this in many respects is historical, we want to be a nation of shopowners rather than shop keepers.The events of 9/11 have seen a shift in the mindset of people who invest in managed property. People are aware of the damage terrorists can do to funds that are pension type set ups.There is a constant fear that their whole life savings could be wiped out if another attack took place and that is why they are looking to invest themselves rather than let others do it for them.Interestingly another recent survey shows that Irish banks and lending companies are loaning money to people who are looking to invest in a second property, this is noramlly going to be their pension on retirement fund.

Papers scream headlines saying interest rate rises will send people into a downward spiral and that the end is nigh however the market is still growing.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.

For the time being the growth curve for the property market is on the up and shows no sign of relenting.Investors and people who are looking at houses for sale in dublin and want to get on the property ladder will have to become more diligent in their research to ensure that they get good value for money.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.Only time will tell if rental returns show an upward curve at the moment people are taking a gamble on the value of their property increasing.

You could be forgiven for thinking that you wont be able to pick up the same ireland real estate bargains as you used to be able to.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.