Hosting a .ie domain on my Bluehost account vs Irish hosting service?

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Hello,

I have a .com domain hosted on bluehost and want to set up a different .ie site and host it on Bluehost also. I've seen a couple of threads suggesting that google will rank a local / .ie site higher if it is hosted on local severs.

This doesn't seem like it should be correct procedure but does this happen?

Thanks
 
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