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Growing employment and wages, teamed with tax cuts and a weak consumer price index inflation, are boosting income and driving the country’s domestic economy. All good news for those wanting a slice of the action buying an Irish property. You can also download a PDF version of our Ireland Property Guides booklet to print or read offline. At Ireland Property Guides, we’ve provided guidance for many people buying a house in Ireland for more than a decade. With our advice, and help from our trusted partners, you can avoid the pitfalls of the property market and pick up the keys to your home without a hitch.
Architecture lovers will enjoy getting to know the town’s quayside, with its beautiful Georgian buildings. The town has won accolades for its floral arrangements and for being generally beautiful. Enjoy leisurely strolls around the Delta Sensory Gardens, Milford Mills or tackle the town’s heritage trail. This takes in Leighlinbridge’s sculpture garden, which honours the town’s three most famous residents, including physicist John Tyndall – the chap who finally explained why the sky is blue. Beyond the city walls, County Sligo’s countryside is so spectacular and rich in Irish folklore that it has inspired the works of many artists and writers, most notably William Butler Yeats. This is one of the best places to buy a house in Ireland for sports lovers, whether you wish to participate, or merely watch from the stands.
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Due to its isolated location, we tend to think it would be more suited to retirees looking for a peaceful spot for a permanent residence or a holiday home to visit during warmer months. For a peaceful life in an authentic Irish seaside village, Killala in County Mayo is an excellent choice. The village is located on Killala Bay, six miles from the town of Ballina. Spend your days lounging on Ross Beach, which has Blue Flag status, or exploring the villages historic sites, including Meelick Castle and Rosserk Abbey. In Killala, there are serious bargains available if you’re happy with an end-of-terrace. You might be lucky and find a fixer-upper for €70,000, but there’s options from €117,000.
Modern well-built homes of recent vintage should not have damp issues at all and if they do you may have to question the build quality. If a house is damp you can often smell it as soon as you walk in the door. Put your palm against suspect areas and if it’s damp the wall will feel ‘clammy’ and very cold.
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This is the largest town in Ireland that still speaks Gaelic, and, as a result, it epitomises Irish culture. While visiting, you can revel in ancient Irish traditions, music and theatre lost elsewhere in the country. Plus, there are two impressive mountain ranges, Caha Mountains and Slieve Miskish Mountains, running down its centre, making it perfect for keen hikers. Tourists tend to focus their sightseeing on the nearby Ring of Kerry, which leaves the Beara Peninsula’s roads gloriously free of traffic.
Pay off as much as you can on outstanding credit card debt and avoid betting transactions, as they tend to make you look like a risky investment. Interest rates are a hot topic at the moment as they are due to keep rising across the EU, so be sure to be mindful of this when locking in the term of your mortgage repayments. You will need to have all your ducks in a row in reference to the first two, before speaking to a bank about how much money they will be able to lend you for purchasing a home. An independent mortgage broker who covers the entire market should be able to guide you through the process. When buying a house, it’s important not to set your sights too high. This means establishing a budget, but how can you work out what you can actually afford?
942 Houses for Sale in Ireland
It is important at this time that you make enquiries as to the planning in the area and the likely future development of the locality. Buying a secondhand house in Ireland is a different process than purchasing a new house. Your surveyor can usually give you a good idea of the cost of fixing any problems that are uncovered in the survey. This information may give you room to negotiate with the seller on price. You need to eat, sleep and have fun once the mortgage is paid, so don’t over extend yourself.
You should ensure that you have enough to cover all the costs involved in buying a home, for example, mortgage costs, legal fees, insurance and stamp duty. The amount of money you can get as a mortgage loan, and the amount you need as a deposit are governed by Central Bank lending limits - see Taking out a mortgage for details of these rules. The CCPC has a budget planner that you can use to see how much you can afford each month. The exchange rate never stops moving – you’ve probably seen the up-and-down graphs of pound to euro before (even more so now with Brexit!). We always recommend our readers use a dedicated currency broker, rather than a bank.
Should you buy property in Ireland?
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. Musicians from all around the country, and further afield, come to Sligo to hone their craft. You’ll also be able to enjoy music festivals throughout the year including Sligo Jazz Project and Sligo Summer Festival. Although Caherciveen is the Iveragh Peninsula’s primary town, its population only sits at around 2,000 permanent residents.
Valentia Island is a beautiful spot located off Kerry’s picturesque Iveragh Peninsula in the Atlantic Ocean. It is linked to the mainland at the charming village of Portmagee but you can also hop on a car ferry, which operates from April to October. If you’re looking to source work in Rosslare when you move to Ireland, you could set your sights on the nearby docks where there are a range of opportunities available.
As neither parties have yet signed the documents, this deposit will be refunded if the sale falls through. The key to a successful house hunt is to be well-informed and prepared. Find out what types of properties are available and the costs involved, then compare them with your budget and preferences. First-time buyers purchasing property exceeding €220,000 will have a 90 percent limit applied to the first €220,000, with an 80 percent limit on anything over this. The maximum mortgage you can acquire as a first-time buyer will often be limited to 90% of your income.
It doesn’t cost you a cent to chat with an advisor because their fees are usually covered by the mortgage lenders. As a second-time buyer, you are required to pay a deposit of at least 20% of the property value (10% from Jan 2023 with new Central Bank rules). For example, if you are looking to buy a house worth €200,000, you will need to pay a deposit of €40,000 (20%). Property websites, auctioneers and estate agents are the main ways of finding property for sale. The Property Services Regulatory Authority maintains a public register of auctioneers and estate agents on its website.
Sligo is something of a mecca for Irish musicians and those from further afield. Therefore, if music is at the heart of your Irish holiday home purchase, there’s really no better place. Kinsale hosts regular events – giving you the perfect excuse for a visit to your Irish holiday home all times of year.
And if you want to hop over to the UK or travel further afield, Dublin couldn’t be better connected. Property prices are certainly more expensive in Dublin than other cities and towns in Ireland, but it could be worth it to be in the heart of the action. To help you decide, let’s run through a few of the most popular destinations for UK expats and buyers. But British buyers may find Irish property more expensive post-Brexit. This is because the value of the pound against the euro has fallen by around 15% ⁶ compared to pre-referendum levels.
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Ireland’s economy is currently booming, and nowhere are the effects being felt quite so strongly as in the capital. If you work in tech, IT or pharmaceuticals, job opportunities with some of the world’s leading corporations are easy to come by. This only looks set to continue as more companies move their European headquarters to Ireland in light of Brexit. Rosslare Strand is a popular seaside village just down the road from Rosslare Europort. It’s handy having a port on your doorstep, as it allows you to hop on a ferry and be back in the UK in just over three hours 15 minutes. Unfortunately, another thing that Ireland is known for is its rain.
The UK leaving the European Union has created a new category of British buyers looking to own property in Ireland and live or gain access to the EU. Anyone can buy property in Ireland, including Irish citizens, EU/EEA citizens and non-EU citizens³. You can even be a non-EEA national, and you don’t have to live in Ireland to be able to buy a home. A new airport, new train station, new highway, new hospital, etc., can mean a new universe of potential buyers. And a newly paved road, for example, that cuts travel time in half, can make a location more accessible and therefore more valuable.
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