Cashing in on the property market

AFTER several Bacon reports, we merry cash-flush Irish lashed out pesetas and punts on buying Spanish property.

But, now that the Costas have gone Celtic and the Mediterranean market is awash in Paddies, the cuter Irish investors have switched their surplus euro to sterling and to residential and commercial property targets not far off our shores.

The UK is the current flavour for the sober investors who like to know their markets. We squirrelled well over €1 billion into investments in Britain in the past year, ranking as the third largest group of investors in that diverse economy’s property sector. It makes a marked change from going over and paving the streets of London with pick and shovel.