Investors eyeing French vineyards
Tina-Marie O'Neill: A new generation of Wine Geese is looking at chateaux with cash-earning vineyards.
Where once the coasts of Spain, Portugal, Croatia and Turkey were awash with Celtic tiger cash, the ongoing global recession swiftly put paid to widespread Irish overseas investments about six years ago.
For many who did buy a foreign investment property, it was a punt that, in many cases, went sour in markets that, similarly to our own, experienced plummeting house values leaving buyers in negative equity and unable to sell their boomtime bolthole.
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