Ireland - Buy To Let Property and Mortgages

BUY-TO-LET PROPERTY IRELAND

Moving
to
Ireland

Index
Removals
Regulations
Citizenship
PPS Number
Work Permits
Green Card
Euro Exchange
Living in Ireland
Census Data
Shopping Online

The buy-to-let sector in Ireland has grown greatly in all parts of the country. The tax relief for investors increases the popularity of buying to let as an investment. The increasing Irish population and high price of housing is making rental a popular option for many young people. The profit margins on buy-to-let have reduced since 2003 - but if done correctly it is still possible to make money.

Tips:
• Before you buy a property - make sure the rental market in that area is not stagnant. Check the number of vacant rental properties.
• Keep your rental property in good condition to ensure maxmum occupancy.
• Try using letting agents to get your tenants - the best tenants are busy (working) tenants - and they tend to use letting agents.
• Consider a fixed rate mortgage deal or Interest Only
• Buy property in or near planned public transport improvements such as major roads or the Luas.

In April 2004 Bank of Ireland Mortgages reported that buy to let investors accounted for about one in four of the bank's new mortgages. The BOI also stated that the average investor loan stood at €154,000 and that investors were typically contributing about one third of the purchase price.

Tip: Buying to Let has a better chance of success in the student towns and cities such as Dublin, Galway, Cork, Limerick, Waterford,Carlow, Castlebar, Athlone - to mention a few. If you have a child attending college - why not buy a house or flat and then rent it to them and their friends?

Irish
Property

Buying a House
Mortgage Rates
Rentals
Conveyancing
Self Building
Home Insurance
Buy-to-let
Realty
Tax Relief
MyHome
Town Guide