Savills property consultants have today claimed that Irish expats living in the South East of England could tap into massive financial windfalls by returning to Ireland.
 
A study they carried out shows that the UK property boom, lower house prices in Ireland, and the strength of Sterling could combine to deliver an immigration dividend of over €500,000 to families returning from the UK. 
 
Director of Research at Savills Ireland, Dr. John McCartney said, "Amazingly, average house prices in Dublin were 16% higher than those in London back in 2008.  

"However the UK property boom has led to a 68% increase in average London prices which now stand at around £513,000. Coupled with declining values in Ireland and the strength of the Pound, this means Dublin prices have fallen 61% behind those in London.

"Consequently anyone who bought an average London property at the right time and now wants to buy back in Dublin would realise windfall gains of over €500,000 – not including taxes and fees.”
 
Source: www.businessworld.ie