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Property prices.
Property prices.
Property values across Europe are on the rise again, according to figures from Eurostat. The most dramatic increase was in Ireland, which saw 15pc annual price growth towards the end of 2014. Michael Grehan from Irish estate agent Sherry Fitzgerald said there was every reason to expect further increases.
“This will be particularly evident in urban centres where supply is most constrained,” he said, particularly for three and four-bedroom homes.
Monaghan, a county near the border, saw a threefold increase in interest from British buyers over the past year. Estate agents estimate that rural locations are undervalued by as much as 60pc and therefore offer strong investment potential.
Portuguese property values rose by 4.9pc from 12 months ago, a far cry from the end of 2013, when prices increased by just 0.6pc.
In the second quarter of last year Spain saw its first growth since 2011, a 0.8pc increase. Murcia, which is in the south-east and popular with British expats, has seen the biggest increase in property searches (75pc more than last year). Currently, the average budget for a British buyer in Spain is £379,000, higher in Barcelona (£556,000) but lower in Lanzarote (£109,000).
“This will be particularly evident in urban centres where supply is most constrained,” he said, particularly for three and four-bedroom homes.
Monaghan, a county near the border, saw a threefold increase in interest from British buyers over the past year. Estate agents estimate that rural locations are undervalued by as much as 60pc and therefore offer strong investment potential.
Portuguese property values rose by 4.9pc from 12 months ago, a far cry from the end of 2013, when prices increased by just 0.6pc.
In the second quarter of last year Spain saw its first growth since 2011, a 0.8pc increase. Murcia, which is in the south-east and popular with British expats, has seen the biggest increase in property searches (75pc more than last year). Currently, the average budget for a British buyer in Spain is £379,000, higher in Barcelona (£556,000) but lower in Lanzarote (£109,000).
Re: Property prices.
It would be interesting to consider the price increases when adjusted by the fall in the Euro - would there be any increase at all ? or even a decrease? 
The continuing Euro devaluation should certainly create interest for EU property from the UK and other non Euro countries.
The continuing Euro devaluation should certainly create interest for EU property from the UK and other non Euro countries.
Re: Property prices.
Widge: The Irish central bank has brought in new rules to dampen down price increases this year. Basically if you are a first time buyer and stick to property under €220,000 (not easy in Dublin area) you have to have 10% up front before you can get a mortgage, over the €220,000 figure the amount needed to obtain a mortgage increases accordingly. If the property is buy-to-let the max mortgage is 80%. They hope his will slow down price increases in 2015 to around 6% . Still not near enough new house being built though, lot of pent up demand.
I live in euroland, 10 miles from nearest big town in sterling land. Previusly I would have travelled across the border without giving it a second thought and when sterling was weak the cheaper prices in Northern Ireland were certainly attractive. Not so now and I suspect the shopping traffic is all in the other direction. In 2014 I made about 6 trips to Faro, most were EasyJet from Belfast, I have booked 3 trips so far this year and all are from Dublin. Belfast too expensive. Diesel is €1.21 and petrol €1.25 at my nearest petrol station, that is well under £1 a litre. No prizes for guessing the colour of the reg plates at the pumps.
I live in euroland, 10 miles from nearest big town in sterling land. Previusly I would have travelled across the border without giving it a second thought and when sterling was weak the cheaper prices in Northern Ireland were certainly attractive. Not so now and I suspect the shopping traffic is all in the other direction. In 2014 I made about 6 trips to Faro, most were EasyJet from Belfast, I have booked 3 trips so far this year and all are from Dublin. Belfast too expensive. Diesel is €1.21 and petrol €1.25 at my nearest petrol station, that is well under £1 a litre. No prizes for guessing the colour of the reg plates at the pumps.