Real estate values are continually changing.
Typically, home values appreciate in the long term.
But there are no guarantees in real estate.
When your home appreciates you have a larger asset to borrow against, and you'll see a greater profit when you sell.
But how will you be sure what you're buying now will appreciate over time? Property values in Dublin move up and down for various reasons.
It's imperative that you go with an agent in Dublin who can identify the factors that drive local prices.
Many think that the economy is the most critical factor impacting real estate appreciation.
interest rates, unemployment, job growth, government programs and some other national determinants have a measurable impact on your home's worth.
But the most important things that decide your home's value are particular to the local Dublin economy and residential market.
Location in a community - People typically want homes in the regions with the easiest access to places we go often or everyday, such as our jobs and schools.
So when it comes to keeping their value, these communities often appreciate better than others.
Recent sales - Your real estate agent should give you data on the recent real estate sales in the regions that you'd like to live in. You'll want to know average time on market, selling versus listing price and more.
History of appreciation - In the last 5-10 years, have property prices increased or decreased? Does location or affordability affect how desirable the area is believed to be?
Local economy - Is there a fair mix of work in an area, or does it rely upon just one industry? Have businesses moved into or away from an area? Are local companies hiring?
These items play a role.