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Building an overseas empire on the back of Celtic Tiger.
(From Irish Independent)
IT took the British Empire 100 years to build up a huge base of overseas investments. The new Irish empire seems to have done it in 10.
Of all the astonishing figures in the latest set of Revenue statistics, the most remarkable, surely, is the fact that 600,000 Irish people now own property abroad.
That is one in three of the working population.
From my own experience, gardai, nurses, civil servants and, indeed journalists - ordinary folk in other words - now have apartments everywhere from Benidorm to Bucharest. I have even heard Belarus.
At the other end of the scale are the huge investments made by Ireland's new rich.
These include extraordinary 'trophy' purchases such as London's Savoy hotel or the celebrities' favourite UK golf club, Wentworth.
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