Best European Investment Market 2016
It’s the time of the year again, when you’ll see lots of ‘Top Ten’ lists of the best markets for this and the worst markets for that. In terms of the best European investment market 2016 we’re obviously crystal ball gazing here. This can be a difficult task at the best of times and one fraught with difficulties. It is impossible to tell what market driver may appear during the coming 12 months, so it really is just a guessing game.
All you can realistically do is judge a market on the trajectory it has been taking over the previous 6 to 12 months, presuming it has not been behaving irrationally – take the period from 2002 to 2006 for instance.
Taking this view on proceedings in markets across the European Union then it is difficult not to feel that the best European investment market 2016 could very well be Ireland.
There are a number of reasons for this. Firstly, the country is recovering from a huge property crash. Prices are now normalising somewhat with rents starting to also reach stabilisation. The country looks to have strong prospects for reasonable economic growth over the coming years, which is encouraging for investors.
With an increase in prices has come a stream of high quality investment properties to the market. This is probably the most important factor. The market has stabilised to an extent that quality properties are now coming to market, it is not the fire-sale of questionable product that it was a year or two ago.
The government also appears to be keen to keep the property market in check. When the residential property market appeared to be rising at unrealistic levels it took measures, successfully, to cool prices.
For UK based buyers the strong performance of Sterling versus the Euro continues to provide advantages of up to 25% over indigenous investors.
If you wish to find out what the Irish property investment market offers that may interest you in 2016 then please do get in touch on info@IrishProperty.org and we’ll be pleased to discuss your options with you.