Why buying a house in Dublin is the cutest move in Dublin home 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.More people are seeing more money now than they ever did before which obviously makes for a cheerful disposition, the other interesting point which the Financial Times picked up on was that the Irish still believe in moral values.

A green country seems important in this day and age which is why people want to live here.This obviously appeals to our friends across the pond in America and they are buying up property left right and center, we are also seeing a massive influx of foreigners from abroad especially Poland.

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.

Dont think you are going to get much change out of three hundred thousand euro for dublin real estate if you are thinking of moving into an average house or flat and expect where the house is located to be poor or average.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.If you feel you have more to spend and can afford it then there is no shortage of house for more than 1.4 million in Irelands capital.Newbuilds will set you back a minimum of 350,000.

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.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.

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.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.However, the intrepid investor or buyers seeking houses for sale in dublin may want to consider carefully how and where to invest in the 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.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.