Tax breaks, incentives attract British money

The environment for investing in property in Ireland is heating up as tax breaks and incentives are beginning to tempt British money into the Irish property market.

Property consultants Savills Ireland said that 2013 was a bumper year for cash sales by investors and they believe 2014 will see even further international investment interest in Ireland — particularly from Britain.

There are several key factors now coming together that make Ireland a tempting investment opportunity, ranging from removal of Britain’s capital gains tax to the strength of sterling against the euro.