House prices in Ireland have gone down over the last years – from the height of the property boom in 2007 they fell rapidly, to reach around half the original selling price (or, in some areas,even less) in early 2012.
Even with this rapid decline, buying a holiday home in Ireland should be approached with care. There is no guarantee that values will not plummet further, while taxes and rates may well go up.
Buying a holiday home as an investment (with an eye on selling it with a profit) is not the cleverest idea these days – in many areas it definitely is a buyers' market and only those properties with an excellent location are sought after. All others are selling slow to not-at-all, with only those holiday homes that are in very good condition reaching the upper end of the value scale.
Here is a rough run-down of prices for holiday homes in 2012, sorted by areas:
- Prices for Holiday Homes on the Irish West Coast
- Prices for Holiday Homes on Ireland's Southern and Eastern Coast
- Prices for Holiday Homes in the Irish Midlands
