Home Property in Ireland
How to buy a house in Ireland?
Here you will find the detailed information about real estate purchasing in Ireland:
- the right way to choose the property and to effect the deal;
- property taxes and duties that should be paid;
- everything about home loans in Ireland;
- home property management and renting;
- rental, commercial properties and related investment properties.
Real estate for sale
Most recent offers from house owners in Ireland and from real estate agencies. Advertisements with the fixed price and auctions are listed here.
You can leave a comment and give advice to other visitors planning to buy a home in Ireland.
Real estate market in Ireland has shrunk during the five-year crisis of 2008–2013 with prices for real property in some regions having fallen down 50 %.
Nevertheless, market decline slows down with each year. There is every indication that the situation will eventually be back to normal. All in all, Irish real estate prices are usually lower than the ones in neighboring Britain.
Prices for real property in Ireland largely depend on its location, whether it’s a particular city district or a village. Another important factor for price formation is the type of real estate: a house, an apartment or a cottage.
In 2013 prices for real property in Ireland dropped about 1–3 % (according to other sources, some segments increased 3–5 %) composing the average of €156 000 for an object. Housing in Dublin, the capital of Ireland, costs around €184 000. Many major companies as Google, LinkedIn, PayPal, Dropbox, SumUp, Yahoo and Facebook have already positioned their offices here. As a result, Dublin was ranked the first city in Ireland and the second in the world in terms of investment attractiveness as of 2014. Irish capital entices investors with low tax rates (12.5 %), which are artificially maintained by the Irish government.
Premium real estate in Ireland is also cheaper than the one in the United Kingdom. For instance, an old XII century mansion can be purchased for just one million Euros.
Irish real estate market is focused on corporate capital (Dublin is home to offices and headquarters of many high0tech companies), which contributes to its recovery and growth. This is one of the distinctive features of Irish market (compared, among others, to resort real estate market in Spain), which is aimed at modest private investors.
However, experts point out a tendency of construction slowdown in Ireland. In 2011, almost 10 000 objects of real estate were put into construction; in 2012 – over 8000, and in 2013 – as little as 5700 objects. As a comparison, in 2006 before the crisis, Irish construction companies built 93 000 objects of real property.
Purchasing real property in Ireland is relatively easy. You can get detailed information on how to purchase a house in Ireland at any real estate agency. If you have already chosen a suitable apartment in Ireland, the next step will be to enter into a preliminary agreement and make a deposit, which is usually 5000–6000 Euros. If one of the parties changes their mind, the deposit is fully returned.
Personal attendance is not required to consummate a deal. Agents can make all negotiations with the seller on your behalf, so you don’t have to handle all stages of the transaction individually.
Principal agreement is signed and full value of real property is paid, after the absence of debt obligations and other liabilities has been verified, all required documents have been obtained from the respective authorities, and credit contract has been signed with the bank (if required).
Taxes related to real estate acquisition in Ireland are no more than 0.5 % of real property value. These taxes and other charges include:
- land and real estate tax;
- transfer tax;
- real estate loan tax;
- broker fee – 1 % of total object value.