Investing in property not as profitable as it once was

IRELAND has enjoyed the longest and biggest property boom in the history of developed nations, but with prices now just the tenth most expensive in Europe, property investments may no longer be profitable.

That’s the conclusion of a new study on property prices across Europe, by the Global Property Guide.

It shows that house prices in London, Rome, Monaco, Moscow and Paris are far more expensive than those in Dublin — where the average cost is €5,000 per square metre.