Why Invest?
- Property funds can benefit from steady reliable income flow in the form of rent.
- Property can bring diversion benefits to a wider investment portfolio
- Property can act as a hedge against inflation.
Location
Location is crucially important when investing in property as this is key in determining rental yield and ? value.
The primary location of concern is Cork City.
Cork
Cork is the Republic of Ireland’s second largest city,located on the south coast with a county population of over half a million people. Cork is recognised as the commercial centre for the south with a number of multinationals choosing to locate here, including; Dell,Amazon, Apple, EMC2, GlaxoSmithKline, Johnson & Johnson, Novartis, Pepsi and Siemens.
Cork City tourist attractions include the famous English Market, Cork Opera House, Shandon Bells, Blackrock Castle Observatory, Cork City Gaol and the Crawford Art Gallery. Cork plays host to a number of internationally recognised events including the Cork
Guinness Jazz Festival, the Cork Film Festival, Cork Week – the world renowned sailing event and Live at the Marquee – an annual music festival which takes place over the summer months.visitors to Cork annually.Cork is known as one of Ireland’s top tourist destinations and is the gateway to the scenic south west of Ireland.
Cork is highly accessible to Dublin by motorway -approximately 2 hours 30 mins and there is an hourly train service. Cork has a modern international Airport which catered for approximately 2.1 million travellers in 2014, mainly from UK and European destinations. New air traffic routes have been announced by Aer Lingus (Dusseldorf), City Jet (London City) and Flybe (Cardiff). The imminent development of the 6,000 seat Cork Convention Centre is expected to attract 200,000 visitors to Cork annually.
Physical Quality
Quality properties will attract better quality tenants.
Tenants
The importance of quality tenants cannot be underestimated.
Rental Lease Terms
The appropriate assessment of the level of current and future rent and the terms and length of lease are important features in apartment/ residential property investment.
Investors should be aware of the special characteristics of a property fund.
Caveat
- The value of your investment can go down as well as up.
- The final pay may be effected by charges in currency exchange rates.
- If you invest in this fund you may lose some/ or all of the money you invest.