Authored by the expert who managed and guided the team behind the Ireland Property Pack
Everything you need to know before buying real estate is included in our Ireland Property Pack
Why is Ireland emerging as a prime destination for property investment in 2025? Is it the robust rental market, the thriving economy, or the competitive pricing compared to other European markets? What are the key benefits for investors?
We often encounter these questions because we are actively engaged with developers, real estate agents, and investors like you. With the growing interest in this market, we've decided to compile our insights into a comprehensive article for everyone's benefit.
Our aim is to present a compelling case for investing in Ireland's real estate market, supported by our firsthand experience and market expertise.
If you feel we've overlooked an important aspect or want more information, please reach out (we respond very quickly). Your feedback enhances our content.
Finally, please remember that this is not financial or investment advice. Real estate investment involves inherent risks, and market conditions can change unexpectedly. We strongly recommend conducting thorough research and consulting with a qualified financial advisor before making any investment decisions.
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1) In Ireland, you’ll enjoy some of the highest rental yields in Europe
Ireland is a top spot in Europe for rental yields, making it a great choice for property investors.
In Dublin, for example, you can find a two-bedroom unit with a rental yield of up to 8.22%. Imagine getting a monthly rent of €2,500 from an investment of €365,000. That's a solid return! Across Ireland, the average rental yield is around 7.85%, especially strong for one-bedroom apartments.
Real estate agencies like Savills Ireland point out a significant shortage of rental properties, which keeps demand high. Even though Dublin has more rental homes than other counties, the supply of new homes is expected to drop, pushing demand even further.
According to the Global Property Guide, Ireland's rental market is thriving with consistent rental income growth. The country's rental yields are better than those in the UK, Spain, and Turkey. This is partly due to Ireland's strong job market, which attracts more renters.
Rental prices have been climbing steadily, with a 10.7% increase year-over-year in Q2 2023. This trend is great news for investors looking for reliable returns.
Sources: Euronews, Housing Ireland Magazine, Newstalk, Global Property Guide
In this video, we can see Ireland's rental yields are among the highest in Europe, highlighting strong cash flow opportunities for investors: https://www.youtube.com/watch?v=i72muzXOybQ.
2) In Ireland, you’ll benefit from a transparent legal system that safeguards property investors
Thinking about buying property in Ireland? You'll find a transparent legal system that makes it a great choice for investors.
One standout feature is Ireland's impressive position in the Global Real Estate Transparency Index. This index checks how clear and open real estate markets are around the world, and Ireland scores high thanks to its strong fundamentals and political stability. This means you can expect a straightforward process when dealing with property matters.
In Ireland, property laws are not just on paper—they're consistently enforced. This reliability creates a stable environment for investors, ensuring that property ownership and transactions are handled smoothly. Plus, the country has low levels of corruption in property dealings, as shown in the 2023 Corruption Perceptions Index, which boosts trust in the system.
International investors often praise Ireland for its legal transparency. The country's political stability and a growing population make it a hot spot for foreign investment, especially in sectors like logistics and retail. Ireland's high ranking in the World Bank's Ease of Doing Business rankings further underscores the efficiency and accessibility of legal recourse for property issues.
For those looking to invest, Ireland offers a legal landscape that is both transparent and reliable. The combination of a stable political climate and a clear legal framework makes it an attractive destination for property investors.
Sources: JLL, BNP Paribas Real Estate, Wikipedia
We have made this infographic to give you a quick and clear snapshot of the property market in Ireland. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
3) If you’re looking to invest, Ireland’s coastal properties are highly sought after
Ireland's coastal properties are in high demand, offering exciting investment opportunities.
Since the pandemic, property prices in these areas have jumped by 23%, with hotspots like Lahinch and Kilmore Quay seeing even bigger spikes of 39% and 54%. This surge is fueled by both local and international buyers eager for a slice of coastal living.
The vacation rental market is booming, especially in counties like Galway and Cork. Galway, for instance, is a top performer for Airbnb, with each listing pulling in an average of $21,900 annually. The area's stunning landscapes and vibrant arts scene make it a magnet for tourists, adding to the allure of owning property there.
Remote work has also played a big role, allowing more people to settle in these picturesque spots. With the freedom to work from anywhere, many are choosing the charm of seaside living. This shift, along with government efforts to boost tourism, has led to a noticeable uptick in interest and sales.
Real estate agents are seeing coastal properties fly off the market faster than those inland. The combination of natural beauty, cultural attractions, and a thriving rental market makes these areas particularly appealing.
Sources: eSales International, Hostaway, The Irish Times
4) There is a strong expat community, which boosts demand for rental properties
Ireland's expat community is booming, and it's reshaping the rental market.
In 2023, Ireland welcomed 141,600 new immigrants, with a significant number being non-EU citizens, including nearly 42,000 Ukrainians. This influx continued into 2024, with 149,200 immigrants making Ireland their new home. The growing expat community is a key driver of rental demand, especially in vibrant cities like Dublin.
With net migration figures of 77,600 in 2023 and 79,300 in 2024, the population surge naturally led to a higher demand for rental properties. Dublin, in particular, saw a remarkable increase in new dwelling completions, reaching levels not seen since the 'Celtic Tiger' era, which helped to boost the rental supply.
Rental prices have been climbing steadily. In 2023, Ireland's rent index showed a 10.7% year-over-year increase. Dublin experienced an 8.4% rise, with average monthly rents hitting €2,454. Other cities like Cork and Galway also saw significant rent hikes, reflecting the growing demand from the expanding expat community.
For those considering buying property in Ireland, it's worth noting that the strong expat community is driving demand for rental properties. This trend is particularly evident in major urban areas, where the influx of international residents is reshaping the housing landscape.
Sources: Central Statistics Office, CBRE Ireland Real Estate Market Outlook 2024, Global Property Guide
5) The strong financial services sector in the country boosts economic growth
Ireland's financial services sector is booming, playing a key role in the country's economic growth.
In the past few years, employment in financial services has surged by nearly 18%, with over 14,400 people now working in FIBI member firms. This trend is set to continue, as 43% of these firms plan to hire even more. It's a great time to be part of this thriving industry.
Foreign-owned financial firms are also making a big splash, injecting €5.3 billion into the Irish economy annually. This spending is a major boost, alongside the €15 billion in funding that international banks provided to Irish businesses in 2023. Such financial backing is crucial for Ireland's economic engine, which is expected to grow by about 2.5% next year.
Big names like Mastercard and Stripe are setting up shop in Ireland, further highlighting the sector's strength. Mastercard is bringing 1,500 jobs to Dublin, focusing on cutting-edge tech like AI and cybersecurity. Meanwhile, Stripe is adding 1,000 jobs to expand its reach in Europe. These moves not only create jobs but also make Ireland a hub for financial innovation.
With these developments, Ireland is fast becoming a global fintech leader. The presence of these major players is a testament to the country's appeal as a financial services hotspot. It's not just about jobs; it's about being at the forefront of financial technology.
Sources: BPFI Report 2024, GlobalData, Hunter Savage, PwC Quarterly Economic Digest
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6) Ireland’s rapidly growing economy is driving up property values
Ireland's economy is booming, making it one of the fastest-growing in the EU and driving up property values.
Thanks to a projected GDP growth of 3.6% in 2025, Ireland is outpacing the EU average. This economic surge is largely due to the country's ability to attract foreign direct investment. In just the first half of 2024, Ireland welcomed 131 investments, creating nearly 9,000 jobs, which highlights its appeal as a business hub.
Multinational companies are flocking to Ireland, drawn by its business-friendly environment and skilled workforce. This influx of investment is not just about numbers; it's about the confidence these companies have in Ireland's economic stability and potential for growth.
The labor market is thriving, with unemployment rates averaging a low 4.2% in 2025. This robust job market boosts consumer confidence, encouraging spending and investment, which in turn fuels further economic growth.
Property prices are climbing, especially in hotspots like Dublin, Cork, and Galway. The demand for housing is high, driven by the strong economy and ongoing real estate development projects. This trend is a clear indicator of the country's economic health and the opportunities it presents for property buyers.
For those considering buying property in Ireland, the combination of a strong economy, low unemployment, and rising property values makes it an attractive option. The country's economic landscape is not just a backdrop; it's a driving force that shapes the property market.
Sources: European Commission's Spring 2024 Economic Forecast, IDA Ireland's Mid-Year Results 2024, Trading Economics: Ireland Consumer Confidence, ESRI Report on Ireland's Economy
From this video, we realize Ireland's economy is one of the fastest-growing in the EU, with significant implications for property values: https://www.youtube.com/watch?v=8kt8YHaYm7A.
7) Ireland’s strong healthcare system makes it a great choice for retirees
Ireland's healthcare system is highly regarded, making it an attractive option for retirees.
In 2023, Ireland's public healthcare system was ranked 8th globally by the World Population Review, outshining countries like the US and Canada. This high ranking reflects the country's commitment to providing quality healthcare services.
Patient satisfaction is another strong point. In 2024, a national survey revealed that 85% of patients rated their hospital care positively. This high satisfaction rate shows that people trust the healthcare system and feel well cared for, especially in terms of staff interaction and pain management.
The Irish government is also putting its money where its mouth is. In 2023, the Health Service Executive (HSE) had a budget of €21.6 billion, which was used to reform and integrate healthcare services. This substantial investment ensures that the system is equipped to meet the needs of its population, including retirees.
For those considering a move to Ireland, it's reassuring to know that the healthcare infrastructure is not only robust but also continually improving. The government's focus on reform and integration means that healthcare services are becoming more efficient and accessible.
With these factors in mind, Ireland stands out as a country where retirees can enjoy peace of mind regarding their healthcare needs. The combination of high patient satisfaction, significant government investment, and a top global ranking makes it a compelling choice.
Sources: HSE Annual Report 2023, HIQA News Updates, International Living
8) Ireland’s focus on renewable energy makes it attractive for eco-friendly property buyers
Ireland is becoming a hotspot for eco-conscious property buyers thanks to its renewable energy initiatives.
The Irish government is on a mission to make the country greener, aiming for 70% of electricity from renewable sources by 2030. This push is not just about saving the planet; it's making Irish properties more attractive to those who value sustainability. Imagine living in a place where your home is part of a national effort to harness wind and solar power.
Policies and incentives are key players in this transformation. The Sustainable Energy Authority of Ireland (SEAI) is actively backing energy-efficient homes with grants and initiatives. This support means homeowners can easily upgrade their properties, making them more appealing to buyers who want homes that reflect their eco-friendly values.
There's a growing appetite for homes with energy-efficient features. In places like Wicklow and Dublin, homes with solar panels and high Building Energy Ratings (BER) are in demand. This trend shows that more buyers are keen on cutting their carbon footprint and saving on energy bills.
Eco-friendly homes are not just a trend; they're becoming a standard. Buyers are increasingly looking for properties that offer both comfort and sustainability. This shift is evident in the rising number of homes equipped with renewable energy solutions, making them a smart choice for the future.
As Ireland continues to invest in renewable energy, the property market is set to benefit. Eco-conscious buyers are drawn to homes that align with their values, and Ireland is positioning itself as a leader in this space.
Sources: SEAI Report, Switcher.ie, All Ireland Sustainability
We made this infographic to show you how property prices in Ireland compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
9) The high quality of life here draws in international buyers
Ireland is a top choice for those seeking a high quality of life, attracting people from around the world.
In global quality of life rankings, Ireland consistently outperforms the average in key areas like jobs, education, health, and safety. This is evident in the OECD Better Life Index, where 85% of Irish adults have completed upper secondary education, surpassing the OECD average. Such educational achievements make Ireland an appealing destination for families and students.
Healthcare in Ireland is another highlight. According to the 2023 Healthy Ireland Survey, 86% of people rate their quality of life as 'good' or 'very good'. This positive outlook is supported by healthier lifestyle choices, such as reduced alcohol consumption and increased use of health services, contributing to a healthier population overall.
Education is a strong suit for Ireland, with the country ranking 5th globally in higher education. Students in Ireland score above the OECD average in reading literacy, maths, and sciences, reflecting the robust education system. This high standard is a major attraction for international families and students looking for quality education.
Sources: OECD Better Life Index, Healthy Ireland Survey 2023, Ireland Education System
10) With Ireland’s booming tourism, you can easily profit from short-term rentals
Ireland's tourism industry is booming, opening up great opportunities for short-term rentals.
In 2023, travel and tourism contributed nearly €20 billion to Ireland's GDP, surpassing pre-pandemic levels. This is a remarkable recovery, with a 17.7% increase from 2019, highlighting the sector's strong growth. The buzz around Ireland is palpable, with its rich history, stunning landscapes, and vibrant culture drawing in visitors from all over the world.
Almost 5,000 Irish towns, villages, parishes, and cities are seeing a surge in bookings through Airbnb for the summer of 2024. This trend shows that travelers are eager for unique and local experiences, preferring to stay in charming cottages or city apartments rather than traditional hotels. It's not just Dublin that's attracting attention; places like Galway, Cork, and even smaller towns are becoming hotspots for tourists seeking authentic Irish experiences.
Looking to the future, the tourism sector is expected to keep growing, with projections for 2024 estimating a total contribution of €20.4 billion to Ireland's GDP. This growth is fueled by clever marketing campaigns and partnerships between tourism boards and short-term rental platforms. These efforts aim to draw more visitors and make their stay in Ireland unforgettable.
Strategic collaborations are key, as tourism boards work hand-in-hand with platforms like Airbnb to showcase Ireland's hidden gems. This approach not only boosts visitor numbers but also enriches the tourism experience, offering travelers a taste of genuine Irish hospitality.
For those considering buying property in Ireland, this thriving tourism industry presents a golden opportunity. Investing in short-term rentals could be a lucrative venture, especially in areas that are gaining popularity among tourists.
Sources: Statista, Airbnb News, Irish Examiner USA
11) With the population growing, there’s more demand for housing
Ireland's population is booming, and it's shaking up the housing market.
In just a year, 98,700 more people called Ireland home, marking the biggest jump since 2008. This isn't just about more babies being born; although there were 54,200 births, the real kicker is the influx of people moving to the Emerald Isle.
Net immigration is a game-changer here, with 149,200 newcomers arriving by April 2024. Among them, you'll find a mix of 30,000 Irish folks returning, 27,000 from the EU, 5,400 from the UK, and a whopping 86,800 from other parts of the world. This melting pot of people is driving up the need for more homes.
With all these new faces, the demand for housing is through the roof, and so are property prices. In 2023, Ireland saw up to 34,000 new homes built, the most since the 'Celtic Tiger' days. Dublin, in particular, is feeling the heat, with rental prices climbing as more people flock to the city.
For those eyeing a property in Ireland, it's a dynamic scene. The housing supply is trying to keep pace with the demand, especially in urban hotspots. But with the population on the rise, the pressure on the housing market is palpable.
Sources: CSO Ireland, CBRE Ireland Real Estate Market Outlook 2024, Trading Economics
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12) The government's focus on sustainable development makes properties more desirable
The government is keen on making properties more appealing by focusing on sustainable development.
With the Climate Action Plan 2024, Ireland is on a mission to create greener cities. This plan is not just about cutting carbon emissions; it's about making urban areas more livable and attractive. Imagine cities where everything is designed to be eco-friendly, from public transport to parks, making them a dream for anyone looking to buy property.
Budget 2025 has set aside a hefty sum for sustainability, including €750M for grid infrastructure. This isn't just about wires and poles; it's about creating a backbone for sustainable living. Such investments are a game-changer, making properties in these areas more desirable as they promise a future-ready lifestyle.
Energy efficiency is the new buzzword in real estate. As of 2023, nearly all new homes since 2015 are top-tier in energy efficiency. This means lower bills and a smaller carbon footprint, making these homes a hot commodity for buyers who care about the environment and their wallets.
These efforts are not just about ticking boxes for climate goals. They are about creating a lifestyle that is in harmony with nature, which in turn makes properties more attractive. The government's push for sustainability is reshaping the property market, making it more appealing to those who value a green lifestyle.
So, if you're considering buying property, keep an eye on these developments. The focus on sustainability is not just a trend; it's a shift towards a more desirable way of living. The government's initiatives are paving the way for properties that are not only eco-friendly but also highly sought after.
Sources: Climate Action Plan 2024, Budget 2025: Sustainability | Deloitte Ireland, Residential Buildings in Ireland Top 15% Energy Efficiency
13) With better public transport, properties in Ireland are more accessible
Ireland's public transport improvements have made properties more accessible.
In 2023, the National Transport Authority rolled out over 60 new and enhanced bus services, linking towns and villages across Ireland. This expansion means more options for daily commutes, school runs, and leisure trips, making it easier to reach various areas. Imagine living in a quaint village and having a direct bus to the city center; that's the kind of convenience these changes bring.
New infrastructure like the Luas extensions and bus corridors have further boosted connectivity. The Luas light rail in Dublin, for instance, has cut journey times and increased rush hour capacity, making it a game-changer for commuters. In Carlow and Clonmel, new town bus services launched in 2023 have significantly increased public transport usage, making these areas more appealing to homebuyers.
Property values are rising in areas with better transport links, showing the impact of these improvements. The Luas plan coincided with urban development in Dublin's north inner city, leading to new affordable housing schemes and amenities. This revitalization has made these neighborhoods more desirable, enhancing property accessibility.
Public transport systems are seeing record-breaking passenger numbers, indicating a growing reliance on these services. In 2023, passenger numbers on PSO services exceeded 300 million, a significant increase from previous years. This trend suggests more people are opting for public transport, boosting demand for homes near transport hubs.
For those considering buying property in Ireland, these transport improvements mean easier access to both urban and rural areas. Whether you're eyeing a bustling city apartment or a serene countryside home, the enhanced connectivity makes it all the more feasible.
Sources: Transport for Ireland, Trinity College Dublin, Transport for Ireland, OECD, National Transport Authority
14) Ireland’s beautiful landscapes make it perfect for vacation home investments
Ireland's stunning landscapes are a magnet for those looking to buy vacation homes.
Imagine waking up to rolling green hills and rugged coastlines—that's the kind of serene escape Ireland offers. In 2023, the country raked in a whopping €5.3 billion from overseas tourists, with North Americans leading the charge. By 2024, this number jumped by 13%, reaching €5.7 billion, showing just how much people are drawn to Ireland's picturesque settings.
There's a growing trend for short-term vacation rentals in these scenic spots. People are craving nature-based vacations and rural experiences, and Ireland delivers. In 2023, popular scenic areas boasted a 70% occupancy rate, proving that visitors love accommodations with breathtaking views and a close connection to nature.
For those considering a property purchase, these statistics are more than just numbers—they're a testament to the increasing allure of Ireland's landscapes. The demand for vacation homes in these areas is not just a passing trend; it's a reflection of a deeper desire for tranquility and natural beauty.
Owning a vacation home in Ireland means more than just a place to stay; it's about embracing a lifestyle that values peace and stunning scenery. The high occupancy rates in scenic areas highlight a strong preference for properties that offer unparalleled views and a serene environment.
So, if you're thinking about investing in a vacation home, Ireland's landscapes offer not just a property, but a piece of paradise. The numbers speak for themselves, and the demand for these scenic retreats is only growing.
Sources: Tourism Ireland, Aillwee Burren Experience, ITIC
We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Ireland. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.
15) With Ireland’s tech industry booming, high-income professionals are driving demand for housing
Ireland's tech industry is booming, drawing in high-income professionals who need housing.
Big names like Google, Amazon, and Microsoft are setting up shop in Ireland, making it a tech hotspot. Amazon alone has poured over €17 billion into the country since 2020, creating thousands of jobs. This influx of tech giants is reshaping the landscape, especially in cities like Dublin, where the demand for housing is skyrocketing.
High salaries in tech are a major draw. Roles in cybersecurity and AI development can earn up to €130,000, attracting top talent from around the globe. This surge in well-paid professionals is driving up the need for housing, particularly in tech-heavy areas.
The job market is buzzing with opportunities. There's a noticeable rise in job postings for machine learning and software development, reflecting the industry's growth. This trend is making Ireland an attractive destination for tech workers looking for new opportunities.
Government support is a big part of the story. The Irish government has unlocked €1.5 billion for tech training and development, boosting skills and supporting the sector's growth. This investment is helping to keep unemployment low and the economy strong.
Sources: Nucamp, CBRE, Brand Nova Digital
16) Ireland’s cultural heritage attracts tourists, making it great for property investors
In recent years, Ireland has seen a significant boost in tourism, with over 5.79 million visitors in 2024.
These tourists spent a total of €5.38 billion, marking a 15% rise compared to the previous year. This surge is largely thanks to Ireland's rich cultural heritage sites, which continue to attract visitors from around the world. Imagine standing at the Cliffs of Moher or exploring the Rock of Cashel—these are the kind of experiences that draw people in.
Sites like these are key attractions, contributing to the overall increase in visitor numbers. The Irish Tourism Industry Confederation noted that international visitors spent €5.3 billion in 2023, showing the economic impact of tourism. This influx of tourists has a ripple effect, especially benefiting the hospitality and accommodation sectors.
The hotel sector in Ireland has bounced back strongly, with profits exceeding pre-pandemic levels for two consecutive years. Average room rates have gone up, reflecting the growing demand for accommodations near these cultural hotspots. This trend is further supported by the rise in short-term rental properties in tourist-heavy areas like Dublin.
For property investors, this means lucrative opportunities are emerging. The demand for short-term rentals is on the rise, especially in areas rich with cultural heritage. Imagine owning a property just a stone's throw away from a famous site, where tourists are eager to stay.
In tourist-heavy areas, the increase in short-term rentals indicates a promising market for property investors. With more visitors flocking to Ireland's cultural sites, the potential for profit in the property market is substantial.
Sources: ITIC Report, Tourism Ireland CSO Data, Think Business Hotel Insights
17) Ireland’s strong education system draws international students, boosting rental demand
In recent years, Ireland's education system has become a magnet for international students.
In the 2023/24 academic year, 40,400 international students flocked to Ireland, marking a 15% jump from the previous year. This boom was especially noticeable among Indian students, whose numbers soared by nearly 50%. American and Chinese students also contributed to this surge, adding to the vibrant mix of cultures in Irish universities.
This influx has sparked a rising demand for student accommodation, particularly in bustling cities like Dublin and Cork. In 2023, Cork alone saw the delivery of 1,365 new student beds, a testament to the growing need for purpose-built student housing. A €435 million financing initiative is in the works to develop more affordable student housing, indicating that this trend is here to stay.
Despite these efforts, the demand for student housing has outstripped supply, leading to a shortage of about 25,000 bed spaces as of 2024. This gap has significantly impacted the private rental sector, as students scramble for alternative housing options. The expected rise in student numbers in the coming years is likely to put even more pressure on rental markets in university towns and cities.
For potential property buyers, this scenario presents both challenges and opportunities. On one hand, the shortage of student accommodation could drive up rental prices, making it a lucrative investment. On the other hand, the competition for housing might make it harder to secure a property in prime locations.
Understanding these dynamics can help you make informed decisions if you're considering investing in Irish real estate. The education boom is reshaping the housing landscape, and being aware of these trends could give you an edge in the market.
Sources: ApplyBoard, Lisney, Government of Ireland
One of our partners sent us this video showing the demand for student housing near educational institutions in Ireland: https://www.youtube.com/watch?v=Zev3Az7Ytls.
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility. Finally, please note that we are not affiliated to any of the sources provided. Our analysis remains then 100% impartial.