I have a number of rental properties in Ireland. For the reasons you mentioned I would be very interested in researching the possibilities of selling one and reinvesting abroad. Have you any pointers for researching Spain. Also I have a memory that there are difficult legal issues which can arise in Spain as well. Do you have any thoughts.I agree.
We actually have a cheap tracker, but have decided that even with that it is not worth it anymore.
We are out now because of these new rules and the potential for more shocks to come without notice, which could end up trapping us.
We have examined our options and have decided to sell and invest in a rental in Spain. We can sell the property here and with the equity buy a nice apartment in Spain.
We can do short term lets via an agency and then stay in it in the downtime and still make more money than you could in Ireland now.
Plus the most important aspect of it is that we retain control of the property at all times.
In short, we are getting out of the Irish investment, before we cant get out of it.