My biggest issue is getting into hundreds of thousands of Euro in debt. It's only a matter of time until the next financial crash and property prices in Ireland are already going up a lot, people are selling now because of it and I've read that people are already talking about the economy "overheating".

My preference would be to build something very small on a little land but in Ireland we have a lot of regulation about building, restrictions on where you can build to where you have a "housing need". You need to prove you need to live there, it helps if it was the area you grew up. Strange I know, I think the idea is to keep communities together and stop outsiders coming in and building lots of houses in cool areas, i.e. gentrification and other things like that.

So maybe buying a small rural house I think with some land or some land around it I could buy some day after I've established the strange "housing need"!