Jump to content
House Price Crash Forum
Sign in to follow this  

Property In Ireland A Good Investment!

Recommended Posts

I've just read on one of the Irish property forums about a man asking for advice on where in Dublin is best to buy a BTL property. You'll not believe the response:

there was a radio programme last week, where one of the guests suggested that any property in the €3/5M bracket is good value for investment. This based on the fact that divorce is on the rise and none of the spouses want to downsize, so a second house must be bought!

Now, at the €3/5 million bracket considering the VERY LOW Irish interest rates of 3.4%, you would need to charge €8,500 - €14,100 per month just to cover the interest.

Sounds a bit of dodgy advice to me but then again, I suppose that €5,000,000 house is going to be worth €20,000,000 in 3-5 years - Ideal for an FTB on a salary of €5,700,000 per annum. After all, that is only a 3.5 salary multiple :lol:

Share this post

Link to post
Share on other sites

As any Irish investor can demonstrate:

Rent income of 10k, rates 5%, property price, 10/5x100=200k

Rent income of 10k, rates 1%, property price 10/1x100=1000k

Amazing, isn't it.

And when rates hit 0, prices will go up into infinity.

Astonishing levels of stupidity reign in an economic bubble.

Ireland certainly holds this crown.

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 315 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.