Irish Investors: Pot O' Gold Lies beyond the Aer Lingus Cities

Irish investors have flocked to American real estate for it's potential and relative low cost.  Ireland has experienced an economic revolution over the past 15 years.  The transformation from agrarian to industrial to information-based economy has catapaulted the Irish to the second highest per capita income in the European Union (second to Luxemborg). 

The property inflation in the Republic of Ireland has been equally as astounding.  The growth in the construction industry and estate broking affects some 1 in 5 Irish workers.  Today, the Irish property markets are experiencing a similar fate as their American cousins:  easy credit policies combined with privitisation of State-controlled properties drove property prices to an almost unaffordable level.

Wise Irish property investors recognised an opportunity in American real estate with the steady decline of the dollar compared to the Euro.  Seeking to diversify their property holdings, Irish investors have been steady buyers in the "Aer Lingus Cities" CONTINUE