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

You 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

The 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%.

Property Tax

Annual tax of around IR£50 for use of local services.

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