Over time, the worth of a piece of real estate will go up and down.
Generally, home values appreciate in the long term.
But, of course, there are no "sure things" in real estate.
When your property appreciates you have a larger asset to borrow against, and you get a greater profit when you sell.
But how will you know what you're purchasing now will appreciate over time? Property values in Dublin move up and down for different reasons.
Choosing an agent in Dublin who understands the factors that influence local prices is the most important aspect.
Many think that the economy is the number one factor impacting real estate appreciation.
After all,
interest rates, unemployment, job growth, government programs and quite a few other national factors have a noticeable influence on your house's worth.
However, your home's value and the factors that play the most significant role in its appreciation are particular to the local Dublin economy and housing market.
Access to services - Many home buyers decide to live in regions with the most convenient amenities for households to do well, like a close proximity to schools and work.
So those regions usually appreciate, or keep their value, best.
The latest 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 learn data like time on market and seller discounts.
Appreciation history - Have home prices risen or declined over the last 5-10 years? Is the neighborhood thought of as desirable because of its location or affordability?
Economic factors - Have businesses moved into or away from an area? Are local businesses hiring? Is there a fair combination of work in an area, or does it count on just one industry?
All these play a role.