Welcome to Ireland

Welcome!

Ireland is an island nation with 3,500 miles of beautiful coastline and many fine lakes and rivers. For centuries, agriculture has been the economic mainstay of the country, however Ireland now enjoys a reputation as a world leading communications and IT centre that serves as a technology gateway between the US and Europe. The Republic of Ireland is a fully integrated member of the European Union and the Irish economy has grown at a faster rate than any other EU state for the past 5 years. Against a background of near full employment, Irish industries are working hard to attract labour from all over Europe. This is creating an extra demand for residential property in most cities and towns in Ireland.

Real Estate in Ireland

Ireland has a population of 5.4 million with 3.7 million in Southern Ireland and 1.7 million in Northern Ireland, with 45% being under the age of 25. Real Estate prices have increased by 87% from 1996 to 1999 fuelled primarily by limited new housing supply and net positive inward migration of 50,000 people in the last year. Ireland has one of the highest rates of home ownership in the world currently standing at 85% and 95% of house sales are handled by qualified property professionals. Second hand house prices reached on average £126,000 nationally and £161,000 in Dublin during 1999. Mortgage interest rates reached an all time low of 4.5% in 1998 and has increased to 6.1% in September 2000.

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