An exhibition at the RDS in Dublin looks to attract Irish people looking to buy a holiday home in the sun.

Organisers of the House Hunters in the Sun event say that they have sold homes worth around two and a half million euro over three days.

In 2004, the Irish spent almost four billion euro buying property in other Europen Union states and the figure is expected to rise to six billion euro in 2005.

Homes from twenty different countries are on sale at the House Hunters in the Sun exhibition. Some buyers are investors, while others are looking abroad rather than buying at home.

Evelyn Newman, Cypeir Estates, explains that a lot of people cannot afford to buy homes in Ireland but want to invest in property. Buying overseas offers them this opportunity.

For those in search of a bargain, homes in new EU states and those likely to join in the future are widely tipped to rise in value.

For those with a lot of money to spend, Chawqui Derradji of Dubai Properties has a top floor penthouse in Dubai for over two million euro.

An RTÉ News report broadcast on 28 March 2005. The reporter is Ray Colgan.