Just to clarify the Posting Guidelines
"11 We don't discuss individual shares
You won't find any messages suggesting investing in
CRH or asking if
AIB is a good investment. It is not the purpose of
Askaboutmoney. We don't facilitate stock tipping or speculation about the future performance of individual shares. There are other forums which discuss individual shares such as
The Investments and Markets Forum of boards.ie
This guideline does not restrict you from discussing
1) the mechanics of buying or selling shares in a flotation
2) Rights issues - pricing and mechanics
3) Dividend Reinvestment Plans - pricing and mechanics"
Joe's general question does not breach these guidelines.
Should someone who is considering investing in Irish property, buy a REIT instead?
Should someone saving up for the deposit on a house, consider the
I-RES Reit.
I have suggested before that someone who is saving up for the deposit on a house could invest in the I-RES REIT. If house prices rise, the value of their investment will rise. If house prices fall, the value of their investment will fall. Whereas if they leave their money on deposit, they could be left behind by a rise in property prices.
But others have pointed out, as rob oyle has, that the price of Ires REIT has not risen in line with Irish property prices.
Here are some previous discussions on Askaboutmoney
Irish REITs August 2015
Interesting investment to consider with your deposit money - a residential REIT