Buying real estate in Ireland
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Britons make up the largest expatriate community in
Ireland with a large American community in Dublin.
Real Estate Prices in Ireland
Locations to buy real estate in Ireland
Dublin being Irelands capital is obviously popular and more expensive than the countryside for real estate. Southern and western coasts of Cork, Waterford and Kerry are popular for foreign buyers with convenience to the airports. Language is mostly English speaking with Gaelic still one of two official languages. Ireland is also popular for holiday homes.
Living Costs in Ireland
The cost of living is high in Ireland, particularly in relation to salaries, which can be relatively low in rural communities. Luxury goods are also at a premium. However, the standard of living is high. It is becoming increasingly popular for Britons to retire to Ireland and take advantage of high pensioner benefits like travel and free television licenses.
Buying Real Estate in Ireland
A deposit, usually 10%, is paid to the vendors solicitor at the time of exchanging contracts which binds you to completing the purchase. Property is mostly freehold with some leasehold for apartments. You will ordinarily make an offer to buy subject to survey and contracts.
Solicitor / Lawyer
will need to hire a solicitor/lawyer or conveyancer to handle the sale
agreements and contracts with the fee normally agreed in advance, discounted
sometimes for sale and buying contracts.
fees for buying a property in Ireland will normally total between 6-10%
of the buying price. Your legal fees should not be more than about
2% of the purchase price which will include VAT (Value Added Tax) at
21%, with small fees for the land registry which are around two hundred
Irish pounds. New properties will also incur VAT. Stamp duty is charged
for buyers who have bought before or buy a previously owned property.
This will be scaled against the purchase price, at the most 9%.
tax of around IR£50 for use of local services.
are available from Irish banks. The maximum loan is usually up to 90%
of the property value, payable over 15-30 years. A small stamp duty
of 0.1% is charged on mortgages above IR£20,000. Click
here to arrange a mortgage in Ireland.
For more information on Irish Property and to arrange your viewing visit: