Monday, July 10, 2006

With 30,000 millionaires in the country...

can I have a fiver?

In practice it's closer to paper millionaires. A decade of house price inflation has catapulted Ireland into second place in the global wealth league, according to a new report from Bank of Ireland Private Banking.

Houses are a little difficult to shift at the moment, but not that hard.
it seem that there is a direct correlation between expensive land and the number of millionaires.

Who'd have guessed?

"Bank of Ireland says that even when the value of principal private residences is excluded, Ireland now has 30,000 millionaires. It estimates 300 of these have more than €30m each, while 2,700 people have between €5m and €30m apiece."

Any chance of a couple of hundred thou?



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