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.
Sean Collins, Managing Director of Fusion Property Ireland said: “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 15% 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.”
Mr Collins said: “We advise on current values and assist with accounting, legal and tax issues. If refurbishing the property will enhance its value, we can also provide that service. The property owner won’t even have to visit London as everything can be done from our Dublin office in Pembroke St, Dublin 2.”
John Rich, director , Fusion Property UK, 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 handled 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.”
About Fusion Property:
Fusion Property UK is an independent property company established in 2006,which specialises in the sale, acquisition and rental of high quality residential and commercial properties in, primarily, London and the UK Home Counties.
Fusion’s Dublin office is located at 18 Upper Pembroke St, Dublin 2.