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Monday, March 28, 2011

Irish buy-to-let opportunities

We all know about the collapse of house prices in Ireland as the Celtic economic miracle was exposed as nothing more than a huge debt fueled property bubble.

Prices are down a staggering 38% since the 2006 peak and continue to fall.

In the capital Dublin prices fell by 15% in 2010.

Those property investors like myself who are looking for bargains after the fall out may be interested in the auction of Irish properties being staged by Allsops in Dublin on the 15th April.  Having looked at some of the let properties projected yields on the reserve price are up to 10%.

If you believe that the Celtic Tiger will recover it's roar some time in the future then adding a Dublin property to your property investment portfolio may be a shrewd long-term play.

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