$ustained Dollar $trength from 2015 is set to continue in 2016 and is giving Americans and more particularly Irish emigrants returning from America increased buying power. From a low one dollar buying them 73 cents (euro) at the start of 2014, now a dollar buys them 92 cents (euro). For them that is an increase in buying power of over 25%.
Leading estate agent, Mr. Seamus Carthy of Roscommon town reports an increase in activity from US buyers. “Returning home is now a more attractive option for many who emigrated. The relative affordability of our property market and the strength of their Dollar savings is having a real effect.”
For buyers who live outside Ireland they have a different view point. Their money is mobile and they can spend it either where they live or outside of the country where they live. The Dollar’s renewed strength and the Euro’s weakness combined with our recovering economy has made Ireland more attractive especially when compared with other options open to U.S. buyers.
For this reason REA Seamus Carthy are taking their properties to the US market. They will be holding a property show in New York on March 3rd. Invited attendees will include emigrants looking to move home, US investors and US residents seeking to purchase 2nd homes in Ireland. REA Seamus Carthy will be making all of the properties listed with them, available and on display at this show.