From charming villages...rolling green hills...dramatic coastline...and a drop of the black stuff...you can't beat the "craic" in Ireland. Whether tracing Irish roots, or as a place to visit or live, Ireland won't disappoint. Learn more about Ireland and other countries in Europe and around the world in our free daily postcard e-letter.
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- Population: 4,775,982
- Capital City: Dublin
- Climate: Temperate maritime; modified by North Atlantic Current; mild winters, cool summers; consistently humid; overcast about half the time
- Time Zone: GMT +00:00
- Language: English (Official), Irish (Official)
- Country Code: 353
In the early and mid-2000s, Europe’s real estate markets embarked on a massive tear. People re-financed, often to buy a vacation home or make a speculative investment in Europe’s sunnier locales. Values rose and rose…until everything stopped. The market imploded and real estate owners found themselves deeply under water. By 2009, with a few exceptions, Europe’s real estate markets had halted. Transactions simply stopped. The gulf between sellers’ expectations and what buyers were willing to pay was so great that there was nowhere for them to meet. Now markets are moving again. And in four countries in particular—Ireland, Portugal, Greece and Spain—I see opportunity today. An added plus is the current strength of the U.S. dollar. At time of writing, your U.S. dollar buys you 24% more euros than it did in March 2014. Now, I’m not a currency guy, and I’m certainly not making a call on future euro-dollar exchange rates, but it makes European opportunities all the more attractive right now.
Imagine waking up in the morning and enjoying a leisurely cup of coffee before heading out your back door to get breakfast. You gather eggs from your hens. Tomatoes, peppers, and herbs, all from your kitchen garden, as well as homemade goat cheese, are added for an excellent omelet. The fresh-squeezed orange juice comes from your trees. Life in the cities and suburbs of the U.S. can mean being far removed from the origins of the food we eat. If you dream of getting back to the land, you’ll find hobby farms with fertile soil, ideal growing conditions, and great locations throughout the world.
“When looking at great retirement destinations overseas, low costs and affordable real estate may be well and good, but you need to feel at home,” says InternationalLiving.com editor Steenie Harvey. “How easy is it for expats to integrate into each country? Do the locals speak good English or do you need to speak the local language? Are the locals welcoming and friendly toward expats, and is there an existing expat community with lots of groups and clubs to join?” InternationalLiving.com’s just-released annual Global Retirement Index ranks and rates the best retirement havens in the world today in eight categories and Ireland, New Zealand, Malta and Belize each receive a perfect score of 100 in the Index’s “Fitting in” category.
Some things haven’t changed at all since I moved to Ireland. Friday night’s throb of bodhran drums in Cryan’s bar. The shy Sitka deer flitting out of the woods like shadow creatures from a Celtic twilight. The swans that come to over-winter on the loughs (lakes). The man with the van selling home-grown potatoes… Others things have changed. The house prices that soared ever upwards during the boom years have come now down, down, down. In Lakeland counties and villages along Ireland’s longest river—the Shannon—numerous properties are on the market for under $150,000.
The decade leading up to 2006 saw Ireland suffer through one of the biggest real estate bubbles on earth. The real estate market stalled in 2006/2007, amid rumors that transfer taxes were set to be reduced. Then in 2008 the crisis hit. In 2009, the global financial crisis rolled through, flattening Ireland’s entire banking sector and economy. In your July 2011 edition, I reported how Irish real estate was available at a discount of 80% on peak prices. Today, Ireland’s real estate market is bouncing back. News stories are filled with talk of housing shortages and fast-rising values. These reports are correct. There has been a strong surge in demand for family homes in desirable areas of Ireland’s main cities. The big buying opportunity here has passed, but right now Irish real estate is a tale of two markets.
When looking at great retirement destinations overseas, low costs and cheap real estate may be well and good, but you need to feel at home. How easy it is for expats to integrate into each country? Do the locals speak good English or do you need to speak the local language? Are the locals welcoming and friendly toward expats, and is there an existing expat community with lots of groups and clubs to join? Whether it’s through shared passions, shared learning experiences or volunteering, the easiest way to become part of a community or acquire a friendship network is to get involved in an outside-the-home activity. This will help tremendously with integrating.
My next trip is Las Vegas. No complaints—I’m one of those sinners who enjoys Sin City. The trip is for an International Living conference where I’ll speak on Italy and its sweet life. I’m not wearing my travel-writing hat for this conference, but I’ve visited Italy so many times—at least 20—I’ve gained a great insight into places unknown to the tourist hordes.
England is a magical place. The weather is unpredictable and this day was no different. The mists were heavy. The morning hours were marked by drizzling rain. The land around us was barren, exposed to the elements. Filled with stories of Merlin and the Giants of Mount Killaraus arranging stones on the open vista, we made our way to one of the medieval wonders of the world…Stonehenge. Overcome by the majesty of the sight before us, everything else seemed miniscule.
Pundits are divided on whether Spain’s property market will see further price falls. A huge overhang of unsold homes remains, but for the first time in seven years, sales in Málaga province showed an increase in 2013. Spain will always be a popular retirement destination for northern Europeans, and the number of U.S. citizens registered as living in Spain has increased, too.
Thanks to Europe’s financial and economic crisis, you’ll find some of the best real estate values in the best parts of Europe right now—and some of the best opportunities to profit. Specifically, the deals are to be found in Ireland, Portugal, and Spain. These places were hit hard by the crisis—and pricings finally reflect that.
We live in the wild west of County Cork. It offers the natural beauty and the rugged remoteness we desired. Because I am a professional artist, I wanted to be in an area rich in painting sites. The laid back lifestyle is a pleasant change from the hurriedness we felt at home.
Many folks in the know want Penang kept a secret. This tropical Malaysian island in the Andaman Sea is one of Southeast Asia’s most attractive retirement havens. For the expats already there it ticks every box…
What’s not to love about cultural riches and cobbled charms? Throughout most of Europe, the property market remains in the doldrums, which means you can find bargains. From the Atlantic to the Mediterranean…from Ireland to Greece, there’s a tempting array of move-into properties that will leave you change from €100,000 ($137,000).
It’s called the “Old World” for a reason, and despite two world wars and decades of development, history is evident in the architecture of Europe. You can stroll cobbled streets where lords and ladies once rushed to galas, climb castle steps in the footsteps of armored knights, and explore villages preserved for 500 years or more.
Visit the old royal capital of Kyoto, Japan, the weekend of June 1 for Takigi O-Noh to celebrate Japan’s ancient musical-theater traditions at the city’s Heian Jingu Shrine. Burning torches illuminate the stage and the costumed performers. Across the East China Sea, the Dragon Boat Festival in Xiamen, China, falls on June 2. Gorge on sticky-rice snacks, watch the race, and place a rice parcel in the water in memory of ancient poet Qu Yuan.
Do you like the idea of a life at sea…but only in short doses? Sunset cruises, fishing excursions, day trips, and the occasional long weekend jaunts to anchor off a remote island…? The ocean can be your playground.
Five months ago I spent two weeks scouting through Thailand—most of that was spent in Chiang Mai, for that is where the opportunity lies. This is a complicated market, as I explain in a special edition of Real Estate Trend Alert—ready to download here.
In this special edition, you’ll also discover… How to profit from inefficient markets… The condos in Medellin, Colombia that you should avoid… And lots more…
If you don’t hold a second passport yet, what’s stopping you? When you hold a second passport, a world of opportunities opens up to help you protect your finances, safeguard your privacy, and to grow your financial nest egg free from high taxes.
From 1993 to 1999, I traveled and lived all over the world. And during that time, I got to experience wonderful places like the white-sand beaches of the British Virgin Islands…the cafes of Aix-en-Provence, France…the wild summer parties of Corfu, Greece…the exotic culture of Bali, Indonesia…and more.
Recently, I attended a conference in a college which was introduced by a seasoned media veteran. He acknowledged the advances in technology by describing the whiz-kid students in the audience as “natives of the digital world” while he described his own generation as “digital tourists.”
A special edition of Real Estate Trend Alert—on my buy of the decade on the Riviera Maya. In this special edition, you’ll also discover…
What happens when unstoppable tourism demand meets limited land opportunities… The excellent protection offered by Brazilian “reciprocity” contracts (I just got a check for $20,000)… A new real estate investment trust in Ireland… The opportunity in retirement care in Ecuador… Incentives to invest in Panama City’s 341-year-old historic quarter…
When moving abroad, renting a place to stay is an attractive option that offers a lot of advantages, whether you’re headed to Costa Rica, Malaysia, France, Mexico, Ecuador, Ireland…or any country. If you plan to buy or build a home eventually, renting allows you to investigate a region and/or community…or several…before you put down roots. You don’t want to be stuck in a neighborhood, region, or home you don’t like.
If Ireland tugs at your heartstrings, Galway is a wonderful retirement location. On the west coast, this historic maritime city combines a modern urban lifestyle with scenic beauty, deep-rooted traditions, and a staggering array of activities. Whether your passion is for the outdoors, the arts, traditional music, horse-racing—or a combination of them all—you’ll be spoiled for choice. And Connemara is on the doorstep. Established as a National Park in 1980, this unspoiled region of stone walls…
Sitting alongside the banks of the River Garonne in southwest France, the red-tile-roofed city of Toulouse hosts its annual Flamenco Festival from April 1 to 15, with local venues filled with music and dance throughout. Another marathon-length event to consider begins its 18-day run in Jaipur, India, on April 2.
Is Malta the Safest Bet in Real Estate You Can Make Today? Could Be…Case Study: The Last Great Crisis Investment in Ireland…The Window is Closing on Our “Spanish Triple”…Burma—New Condominium Law that Allows Foreign Ownership…Will U.S. Flights Ever Land at Planned New Airports in Costa Rica and Nicaragua?…The Latin Currencies That Mean a Buying Opportunity for You…And More.
Not the safest religious tradition we’ve ever heard of, but the Fire Wheel Festival in Sinca Noua, located near the city of Brasov, Romania, does sound like quite a sight. Celebrating the start of Orthodox Lent on March 3, the village asks its young men to roll hay wheels to the top of a local hill before each wheel is set alight. What follows is a true feast with music, drinking, and dancing.
Its parks are filled with roses, myrtle and the sound of nightingales. Water still splashes and trickles over marble fountains in the courtyards of its kings… “A pearl among emeralds” was how Moorish poets once described the royal palace of the Alhambra. It was from here that Spain’s last Muslim kingdom, Granada, was ruled and it’s just one of the gems you’ll find in Andalusia, Spain’s huge southern province.
Imagine falling to sleep to the soft sound of waves lapping the base of rugged cliffs. The flash of a faraway lighthouse gently illuminates your room and the mild breeze brings the purest of air in your open window. In the morning there’s bright sunshine and the singing of small birds in the shrubbery outside. A distant tractor can be heard as a farmer carries hay to his cows. There are no cars or sirens. And, as you look outside, the sun shimmers off a hundred square miles of ocean.
Imagine if work involved saddling up and taking to the trail instead of being stuck in morning traffic, heading into the office. You don’t need to have a lot of money to work with horses overseas. If fact you don’t need to own much land or spend a fortune buying horses to set up your own business.
One advantage of living in Europe is that cheap airfares make the rest of it so accessible. I’ve just got back home to Ireland after an unofficial three-day jaunt to the Grand Duchy of Luxembourg. This tiny country holds the title for the highest per capita consumption of wine in the world, so there was a good reason to go bar-hopping.
Integration into your new community is very important. When you move overseas, you want to know that you will be accepted into the community and make new friends quickly, which will in turn make the transition between countries and cultures easier.
A new distillery in Dingle, on the southwest coast of Ireland, is putting whiskey in casks now, for drinking in five years. The barley comes from Irish farms, gets milled in County Kilkenny, and the water comes from a spring well in Dingle. You buy a cask (400 bottles) for €6,000 ($8,100). After five years you can have the whiskey bottled and labeled with your name… or you can sell it back to the distillery (with a minimum return)…or you can choose to keep it in Dingle and allow it to mature further.
There are many benefits to moving overseas: the weather is better, your quality of life will improve and you will always have something to do. Here are a few quick questions that you should ask yourself before moving overseas. 1. What type of weather do you like? If you don’t like the snow then you should…
Real estate bubbles send all prices too high. When they pop, they bring everything down with them. Sometimes too far. The same irrational views that drove the prices up help push them down, and for a short time quality properties become very cheap. That’s when you should buy: before the fear subsides and prices go up once again.
Ireland is the land of literary giants James Joyce and W.B. Yeats. It is the land of U2 and the Undertones, of Dublin, Cork and Belfast, of top-notch restaurants, party-on pubs and a foot-stomping live music scene. It is a land of powerful politics and astonishing history—from countless medieval castles and early Christian monasteries to the largest concentrations of prehistoric monuments in Europe. It is also a land of real beauty—lakes, mountains, sea, sky, and its lonely, windlashed wilderness coastline—and, of course, the marvelous Irish people themselves.
If you are working an average job in the U.S., you might be just like I was a few years ago. I was working a 9-to-5 desk job at a bank, spending what little daylight hours I had running errands, cooking and cleaning up, and preparing for it all to start over again. Like most people, I had a yearning for adventure deep in the pit of my stomach, and didn’t know how to “fix” it.
Your October issue of Real Estate Trend Alert is ready. Here is just some of what you’ll find in your latest issue:
∗ A New Opportunity to Profit in Brazil: I’ve scouted an exciting new deal in Brazil’s Northeast where there is still a window of opportunity to profit. There are limited lots (only 43 left) for members at a special 10% discount with developer financing before the project launches to the local market. Find out more…
We’ve all seen the phrase “new and improved” countless times. It’s on everything from cereal boxes to cosmetics. No doubt someone in a lab somewhere tweaked the latest wrinkle cream and declared it new and improved. I think I should have a “new and improved” tag on my life—it has certainly had some tweaking in the last few years!
Begin November with a little panache at the 119th Argentine Open Polo Championships in the neighborhood of Palermo, Buenos Aires. Not so much a sports event as a key occasion in the local social diary, it runs from November 5 to the end of the year. For something more exotic, check out camel racing. India’s Rajasthan desert in Pushkar hosts the Pushkar Fair from November 6 to 17.
You’ve heard the economy is slow. You can see it for yourself just walking down main street. But one place you won’t find any sign of it is among the pages of luxury real estate listings. Floods of cheap money are working their way into the luxury real estate market at home and in world cities like London, Melbourne, Hong Kong and New York.