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It is also one of Ireland’s largest, most rugged and most beautiful regions. This corner of Ireland is known for Blue Flag beaches, windswept offshore islands, and incredible locations for hiking, cycling and surfing. Although Dubliners like to complain about the city’s transport, it is generally efficient and affordable. The Luas, or tram system, links the centre to the western and southern suburbs, while the DART links the city from north to south.
It’s not available to the general public, so you’ll get a few percent points different. Speaking to a currency specialist is your best option for getting as much value from the transaction as possible. Make arrangements for payment and transfer of money for the property.
How to buy property in Ireland: Your six-month plan
In-depth guide to taking out a commercial mortgage to buy or refinance a hotel. Find out how to get the best rates, factors lenders consider and what you need to apply. From the average house price to how many outstanding mortgages there are, we explore all the latest mortgage statistics in the UK. We show offers we can track - that's not every product on the market...yet.
However, unless you’re professionally qualified to know for sure, this attitude could see you suffering financially later down the line. It’s important to budget into the costs of buying a house in Ireland for insurance. If you’re taking out a mortgage, home insurance will likely be a requirement of your bank. You’re also likely to require mortgage protection insurance, which will be calculated upon the size of your mortgage. Your solicitor will guide you through all the legal steps involved in buying and selling Irish property. Always employ a local, independent professional to guide you through the process.
Will the purchase of the property result in owning two or more properties?
If you choose this corner of Ireland, you’ll have access to its beautiful Atlantic coastline, fishing villages, and more isolated sizeable plots deep in the heart of the countryside. If music runs through your veins, County Sligo could be ideal for you. You’ll find buskers on every corner and the sound of live in almost every pub or bar you visit.
Don't include any personal or financial information, for example National Insurance, credit card numbers, or phone numbers. The contract will list items that are included in the sale or that you’ve agreed to buy such as electrical items or furniture. If you can’t afford to buy a home without borrowing money, you can apply for a mortgage. Most lenders will tell you how much money they are willing to lend you, called a ‘mortgage or agreement in principle’. This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.
Get the property surveyed
Finding fellow Brits to share a pint or a coffee with won’t be tricky — if you don’t meet a couple at work, you’ll certainly meet them at your local pub. There are a range of excellent social groups for Brits in Dublin — check social media or meet-up sites for a start. After you have got your mortgage approved by your mortgage advisor you will need the help of a Solicitor. When buying or selling a house in Northern Ireland, a solicitor oversees the legal process of the transfer of land into your name.
Do let the selling team know that you know your stuff and have viewed a number of properties already. For example, are you keeping your property in the UK to use on visits, or to rent out? On top of this, you need to establish whether inheritance tax will apply to you and your assets. We recommend speaking to a tax expert, as they are best positioned to explain matters clearly, and to ensure your affairs are in order.
Are you a first time buyer?
If you picture yourself in that quintessential Irish seaside town, you should consider buying in Dingle. This County Kerry charmer is a tiny port town on the Dingle Peninsula in the south-west corner of the country. The area is characterised by rugged scenery, the hiking trails of the Wild Atlantic Way and sandy, sweeping beaches. You need to have a structural survey conducted on all of the buildings on the property, including any outbuildings, or those you plan on using for agriculture.
Enjoy the delights of bustling Galway City, home to a lively student population, markets, pubs, cafes and live music, all nestled around Medieval ruins. You’ll be able to send your children to excellent educational institutions and see some of Ireland’s best sportsmen compete for Galway United FC or Connaught Rugby. Events calendar highlights include Galway Races and Galway Arts Festival. Outside of the city you’ll be able to visit the rugged Aran Islands and Connemara National Park. It’s all very well moving to a remote destination if you’re retired, but if you need to find employment, what opportunities are available to you in Donegal?
Choose an independent agent who can demonstrate a thorough knowledge of the area, and who has a portfolio of properties that suit your needs and budget. There’s no point starting your search for your dream property until you know exactly how much you have to spend. Otherwise you’ll just waste time looking at properties that don’t fit your budget. Then you may need to speak with a mortgage adviser to help you find the best deal either in the UK or Ireland, as well as necessities like life insurance. Our Ireland finance guide is worth reading to ensure you are equipped to cover all the necessary costs. This is because, as you need to pay in the local currency, you need to deal with fluctuations with the exchange rate between pounds and euros.
If there’s a delay between buying your new main residence and selling your previous main residence, you will probably have to pay the higher rates of Stamp Duty as you’ll now own two properties. When buying property there is one step you can’t afford to skip — having a professional building inspector give the property the once over. It’s all too easy to fall in love with one of Dublin’s Georgian townhouses, or with a quaint Irish cottage, and to believe that everything about it is utterly perfect.
As a general rule, estate agents in Ireland who provide detailed online listings are the top option. Also, featuring good images and clear descriptions suggests that these agents have experience working with foreign buyers. Also, when buying property in Ireland it’s important to establish whether the property is located in a High Radon Area, and whether the property itself has been tested for radon. You can do so using the Environmental Protection Agency’s radon map.
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