Ireland prices bottoming as overseas buyers pour back in

The residential property market in Ireland appears to be bottoming and overseas buyers from the USA and Russian have been making some high-profile investment moves in recent weeks.

Prices have more than halved since the “Celtic Tiger” economy peaked in 2006, yields are looking up, NAMA (Ireland's state-run National Asset Management Agency) and the Irish healthy service are providing secure tenants and, according to Joan Henry of agency Savills Ireland, now “is an excellent time to buy Irish property. All categories of housing have dropped in price by at least 55%."

Source: OPP.org.uk