Ireland is Europe’s fastest growing economy, as such the residential market is increasingly on the radar of international investors. Two of the key growth areas include social housing and nursing homes. These are significant as they are both Government backed real estate investments.
Ireland has been the best country in the world for attracting high-value foreign direct investment for seven years running. The appeal of investing in Dublin’s residential market is underpinned by the city’s commercial success, which is complemented by its educational and lifestyle offering. Ireland is a dynamic, outward looking country with its capital city home to the European Headquarters of many of the world’s leading companies including Google, Facebook, Twitter, LinkedIn and Microsoft to name just a few.
There are no legal restrictions on the ownership of real estate in Ireland so property can belong to resident or non-resident parties. There are also no restrictions on the transfer of ownership of property from one person to another. Irish property can be held under freehold title which confers absolute ownership and has the potential to last forever or leasehold title which confers ownership for a period of years granted by a lease.
In summary, Ireland has a sophisticated, well educated workforce. There are fair and transparent systems in place which make it a great place to buy real estate and to do business.