Category: Real Estate

Learn more about Ireland’s real estate industry and services.

Features to Increase the Value of Residential and Commercial Properties

Features to Increase the Value of Residential and Commercial Properties

Real estate is a fluctuating industry and conditions tend to change dramatically at one point and mildly at another. Property investment is a common option for countries with a high population number or high-value industries like the USA and China.

In Ireland, residential and commercial properties tend to change in value factored by happenings, developments or issues in the surrounding area. If you want to see an increase in value here are the features to consider.

Population

Population drives demand in real estate either residential or commercial. The more people move in, the more pressure to provide new dwellings and office spaces. Population drives the economy, especially if people get access to employment and investment opportunities.

Residential and commercial property owners then tend to record an increase in property prices or rent prices. That is why it is important to consider the population in an area you are considering property investment or residency.

Infrastructure

Urbanization drives economic growth and economic growth drives the property market. Infrastructures target particular sectors that may inject millions to the local economy. Infrastructure, for residential, commercial, retail, leisure, tourism or whatever also improves liveability and congestion.

Several infrastructure projects in an area will surely create thousands of jobs for the local people, especially for construction. What is much better is a mixed-use infrastructure that caters to several services including online gambling.

The idea of mixed-use spaces emerged years ago, and Ireland is starting to see a lot of that action.

For example, gaming club online casino is situated at a mixed-use building in Cork.

Government Spending

Government spending is also important to establish a progressive property market. Real estate is highly connected to real estate. The more money comes in, the more investors come in. The more investors come in, the more residential and commercial real estate grows.

The government of Ireland has extensive programs and laws for the country’s gambling industry. Gambling in the country is well monitored and most operators are compliant.Government spending might be allotted for infrastructure, job creation, and business support.

Other Reminders

If you want to maximize your investment, then you also need to consider other aspects including location and proximity to economic parameters.

To give you a boost, here are the topcities you need to consider when buying a property either for residency or business.

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How to Find the Ideal Commercial Property for Business

How to Find the Ideal Commercial Property for Business

There are several commercial properties available all over Ireland. Businesses of different sizes can generate progressive cash flow due to their location. In Ireland, location is everything when it comes to the growth or success of a business.

For example, in Dublin, there are dozens of bars, pubs or nightclubs. Despite the volume of businesses, most of them can record great profit given that Dublin is a hotspot for the services they provide.

They cater to the locals and overseas visitors daily. So, here are important reminders on how to find the ideal commercial property for your business.

Rent or Buy?

How to Find the Ideal Commercial Property for Business Rent or Buy - How to Find the Ideal Commercial Property for Business

If you did find a commercial property, you must consider if it is for rent or sale or both. Deciding if you will be renting or buying a property is important for the future of your business.

Renting a property means less capital needed to be invested. It also gives you the flexibility to move to another property if conditions are unsuitable. Buying a property, on the other hand, gives you more control over the property and you can alter it the way you want to complement your business needs.

Buying a property also allows you to enter the property investment market. You can hold on to the property for several years and when the value goes up, you can sell it for quite a profit.

Location

How to Find the Ideal Commercial Property for Business Location - How to Find the Ideal Commercial Property for Business

It is important to hammer this down. You need to consider the location of the property you are considering. Does it give your target audience ease of transportation or better yet is it within walking distance?

What does the competition look like? Is the area growing in terms of population and the local economy?

When considering the location, you need to think ahead. You need to determine what brings value and what doesn’t. Another thing to consider is the continuity factors present in a property you are considering.

Legal Liabilities

How to Find the Ideal Commercial Property for Business Legal Liabilities - How to Find the Ideal Commercial Property for Business

Most commercial or business properties in Ireland are bounded by legal considerations. You need to consider health, safety, fire protection, disaster management, planning permission, and all these types of liabilities.The Irish government is active in keeping businesses in line for progressive growth for all.

It is important that when it comes to these legal obligations, you seek out the services of a solicitor. These legal liabilities will protect you, your employees, and your business.

Find a Commercial Property today

Every day, new commercial properties are entering the market and they are selling fast. You should move fast but surely. Here’s another tip, read about success business stories here in Ireland and there are a lot of them.

Make sure to learn everything you can and feel free to ask questions from experienced professionals and experts.

Ideal Cities for Property Investment in Ireland

Ideal Cities for Property Investment in Ireland

When it comes to liveability, there are several cities to consider in Ireland. Most people believe living in Ireland is expensive and in some cases, it is. But Ireland is a rewarding country and it offers not only affordability for hard-working individuals but sustainability, security, and high-value opportunities.

For people looking to move to Ireland, either residents or overseas buyers, here is a list of top cities you might consider that will bring you great property value in investment and convenience.

Westport

Ideal Cities for Property Investment in Ireland Westport - Ideal Cities for Property Investment in Ireland

Westport is a city of scenic views and vibrant lifestyles. Local conveniences are within driving distance and there are long stretches of green space all over. The many views of Clew Bay will never get old.

The area encourages people looking to start a small business targeting the growing community of Westport. Westport is in the middle of urbanization but still holds to its cultural roots.

In Westport, there are no more than 6,000 residents, yet, there are more than 90 voluntary organizations. Housing is affordable whether you are renting or buying a property of your own. The place is perfect if you want to start a family or enter the property market

Dublin

Ideal Cities for Property Investment in Ireland Dublin - Ideal Cities for Property Investment in Ireland

Many of you might not agree with this one but, Dublin offers great property investment opportunities. Dublin is one of the top tourist destinations in Europe. The city never runs out of visitors either from other cities or countries.

Property investment in Dublin depends mostly on tourism. Some of the locals turn their properties into small hotels or rooms for rent. There are already guidelines handed down by the local government on how to maximize this investment venture.

This is a viable business opportunity for everyone and will surely benefit you for many years. However, choosing a property to turn into an accommodation venue can be hard. You need to find a property situated at an ideal location near top tourist areas or destinations.

Cork

Ideal Cities for Property Investment in Ireland Cork - Ideal Cities for Property Investment in Ireland

Cork is the second-largest city in Ireland and it is also known as the food capital. The area offers great education that caters to different interests and it is abundant when it comes to natural attractions.

Big companies are based in the area including the European headquarters of Apple, Amazon, McAfee, VMware, and Siemens. There are also several local amenities nearby. The Cork Airport is also nearby. This airport is one of the major gateways of the republic.

Property in Cork is affordable compared to Dublin and Galway. It is ideal for new families orcouples. The city is filled with opportunities providing a lot of value for everyone in the family.

If you need more information about real estate and opportunities in Ireland, subscribe to our blog and make sure to send us an email toinfo@internationalproperty.ie. Connect with us today.