Real Estate in Ireland like Everywhere Else

Recent reports have stated the current housing boom that had been enjoyed worldwide will soon start to move the other way and this will have consequences for the Irish Real Estate market as well as in other lands. At least part of the problem that the Irish are facing are the same ones that seems to be springing up worldwide as a result of the American subprime fiasco, but still the Irish problem has a few unique characteristics that don’t necessarily tie it to other parts of the world.

For instance, there seems to be an unusually large vacancy rate in Ireland. Here’s an example of this issue that’s got some Realtors in the land wondering. According to reliable government estimates, there have been thousands of housing units built every year since 2000 and yet a proportion of these homes remain unoccupied even though there were built over eight years ago. Even only three years ago in 2005, there was enough land that had been zoned to accommodate almost half a million new homes. It seems that while a percentage of these homes remain unoccupied or not even built, the county itself seems more than able to support an expanding economy.

To support this claim, as of last year it was reported the Real Estate agents in Ireland were offering as much as six months mortgage payments as an incentive. However, there have been several factors that have contributed to the Irish economy’s recent boom that has reached such a peak that Ireland has been making overtures to increase their immigration. By all estimates, this upward trend in Ireland started as far back as over a decade ago.

The movement toward Ireland started as far back as 1994 as was partially due to the perception that the Irish educational system was better than those in surrounding EU countries. Investment from other members in the EU also played a vital role in up scaling the Irish workforce. Pertaining to Real Estate, the Planning Policy brought on by the Irish government made a difference where the use and price of land was concerned.

Under this policy, which was directed at the urban centers in the country, one of the largest urban centers in and around Dublin prospered, but the results in other areas were questionable at best. But all the statistics and policies can’t take away from the beauty of the land, and that’s quite often the real draw of Irish Real Estate.

Once you get good look at places like West Cork, you’ll be quite ready to forget about any other issues except the temperate climate and the green rolling hills. One of the best ways to get around in Ireland is up close and personal and the best way to do that is to rent a car and explore all of West Cork Real Estate as well as all the other places the country has to offer like Sligo on the west coast.

This article was written by Kenny Gregg, Advertising and Marketing specialist for Virtual Concepts Unlimited, LLC Specializing in Real Estate Home Search http://www.listedineurope.com European Real Estate

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