Why investing in a house in Eire is the most intelligent move in Ireland property investment.

Lying on the edge of Europe facing out to the Atlantic Ocean sits Ireland, one of Europes smallest countries and often described as The Emerald Isle. Just in last years Economist Ireland was ranked as being the best place to live globally, yes you read that coorectly it said the world and not just Europe, one of the reasons for this is its happy go lucky people as well as the small rural colorful towns and its exciting 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.

Add to this its longstanding reputation for a green and clean environment and Ireland has become a very desirable place to live in.Already 60,000 Americans have claimed a piece of Irish soil as their own, planning to live out their days in the Celtic gem and many of our Europeans neighbours are following suit.

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.As a result property is very expensive.A study done by the IMF has seen residential home prices over valued by fifteen to twenty per cent.

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.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.One third of all mortgage lending by Irish financial institutions funds people investing in the buy- to-let sector.

There is much speculation about how long the investor buzz can be sustained and how much further prices can rise.Ireland could become a bit like Monaco where you cant buy a piece of real estate for less than 1 million, the reason fo this is that Monaco is a tax haven.

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.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.