You already have significant investments in Irish property - your home. Investing in a buy to let concentrates risk in one asset class and geographic region. In general that should be avoided. Plus, you're unlikely to buy a place for €100k so will need leverage (borrowing) which further exacerbates the risk.
Hi, I have 2 properties in my name at the moment. Property 1 has an outstanding loan of around €150,000. It has a value of around €300,000. I live in this property. Property 2 has never had a loan in my name, I bought it for cash. It has a value of around €210,000. I rent this property...
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But we don't really have enough details about your overall financial/personal circumstances to say for sure. E.g. any debts and other savings/investments. It really needs a Money Makeover thread.
Budgeting and dealing with debt moved to Mortgage Arrears and Debt Forum .
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