Have a house in ireland (westmeath,athlone),how do you think the market is going to go?
Bought the house a year ago and have tenants paying the mortgage, so even if mortgage rates go up i can afford to pay it, but just wondering how people reckon the value will change in the next 10 yrs. also will rent continue to increase?
Answer
The answer is quite simple: given the fact that no more land is going to be produced, real estate will always rise in value. likewise, rent will increase in accordance with the increase of the property value.
