The number of Irish passports issued to British people has doubled since the referendum. It makes sense - even if you don't plan to go over there it still makes sense to keep hold of the travel and career advantages of EU membership. And if things do go tits up...
Businesses too like the fact that the locals speak English and that the economy is booming (in contrast to lacklustre UK growth). XL Group (a large insurance syndicate) is moving its headquarters from London to Dublin. JP Morgan is moving employees over. The European HQs of Google, Facebook, Twitter and LinkedIn are based in Dublin.
The only problem is that house prices are rising at the fastest rate in Europe. In Dublin prices are predicted to rise 16% in the next couple of years. If you are contemplating a move then sooner is a lot better than later - especially given UK house prices are expected to fall by 1% in the same period.
You should factor in the exchange rate too - the euro area's economy is growing much faster than the UK's. The EU is doing its best to keep the euro down, but they can only do so much.
Interested? Cash out now and get a nice place in the Emerald Isle while you can still afford it.
No comments:
Post a Comment