Over time, the value of a home will go up and down.
Over a long enough period of time, property values normally go up.
But, of course, in real estate there are no "sure things".
When your house appreciates you have more resources to borrow against, and you'll generate a bigger profit when you sell.
But how will you be sure what you're buying this year will appreciate over time? Property values in Dublin go up and down for different reasons.
Choosing a REALTOR® in Dublin who is familiar with the factors that influence local prices is the most important aspect.
A lot of people think that the economy is the major factor affecting real estate appreciation.
there are some factors on a national level that change your property's value: unemployment, mortgage rates, inflation, and more.
But the most important factors that figure your property's value are specific to the local Dublin economy and residential market.
Access to services - Convenient access to schools, work and amenities like shopping, restaurants and entertainment is important to a lot of us and will greatly influence home values.
So when it comes to retaining their value, these regions consistently appreciate better than others.
Recent home sales - You should receive facts and figures on the recent real estate sales in the regions that you're interested in from your agent. You'll need to analyze data like time on market and seller discounts.
The appreciation history - Is the area thought to be desirable because of its location or affordability? Have property prices risen or declined over the last 5-10 years?
Economic factors - Have companies moved into or away from an area? Are local companies hiring? Is there a nice mix of jobs in an area, or does it depend on just one industry?
These items play a role.