Welcome to Ireland
Ireland is an island nation with 3500 miles of beautiful coastline, many fine lakes and rivers. For centuries, agriculture had been the economic mainstay of the country; however Ireland now enjoys a reputation as being one of the world's leading communications and IT centers that also serves as a technology gateway between the US and Europe. The Republic of Ireland is a fully integrated member of the European Union, and the Irish economy has grown at a faster rate than any other EU state for the past 5 years. Like most European economies, Ireland has experienced economic slowdown in recent years. However, the slowdown in Ireland has not been severe and has, in effect, translated into more sustainable growth.
Real Estate in Ireland
ERA Ireland has been in operation in Ireland since 2000 and now has 65 affiliated offices across the country with representation in almost all significant population centres across the country.
Most ERA affiliated agents are long established players in the Irish Property Market and with approximately 5000 residential listings for sale at any one time, ERA Ireland commands a significant market share of house sales in the Irish property market.
ERA Ireland affiliated agents are professional in their approach and employ the most sophisticated range of marketing tools to achieve top results for sellers of property across Ireland.
The property market in Ireland has enjoyed consistent double digit price increases for close on a decade with the construction industry achieving record output in house building to try to catch up with strong demand for new homes.
The recent moderation in price rises is attributed to higher European interest rates and the relative absence of investors in the residential property market. This is seen as good news for the struggling first time buyer who has had difficulty with affordability of homes in the major population centres.
The average price paid for a house in Dublin and outside Dublin in March 2007 was €429,151 and €265,767 respectively. The equivalent prices in December 2006 were €427,343 and €266,339 (E.S.R.I.).
The new homes Market enjoyed another very strong year in 2006 with over 93,000 new home completions. Early indications are that new home construction has peaked and will return to more sustainable levels, which will also serve to underpin property prices in 2007 and beyond.
About ERA in Ireland
The outlook for 2007 and beyond still remains strong with continuing growth in the Irish economy forecast at 5.4% for 2007 and easing to more sustainable levels of circa 4% in 2008. Employment levels remain robust with a growth level of 4.4% average for 2006. Strong net inward migration looks set to continue to underpin economic and employment growth for 2007/2008.
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