Fusion sets up Dublin office
The rising value of sterling has prompted a specialist London property sales group to open a Dublin office to assist Irish investors in London capitalise on its current strength.
Fusion Property UK has opened a Dublin city centre office because of increased demands for its services in Ireland. Fusion Property Ireland has been established to deliver a one-stop shop for Irish Investors in London.
Fusion Property Ireland managing director Sean Collins commented: "Prior to the recession many Irish investors bought property in London.
"Although London property prices did not suffer to anything like that of other cities, the disparity between the Euro and Sterling mitigated against these investors. But with property prices in London rising at 15pc per annum and sterling's strength against the Euro, an increasing number of investors are realising that now is the time to capitalise on the investment."
Fusion Property UK director John Rich said: "We estimate that thousands of Irish investors bought property in London in the years leading up to the recession. Many have not been to see those properties since and the letting of them has been handed by local agents which can be a substantial burden on the investor.
The strength of the London market to date, combined with the strength of Sterling against the Euro, provides a fantastic opportunity to realise substantial gains.
"It is our objective to provide a one stop shop to the Irish investor and to deliver the maximum return on each property."