FAQ

Yes. There are no restrictions on non-residents buying property in Ireland. However, getting a mortgage as a non-resident can be more complex and may require a larger deposit (typically 30–50%).

Yes. A solicitor is legally required to handle the conveyancing process (legal transfer of ownership). They conduct title checks, handle contracts, and ensure your purchase is secure.

Typical steps:

1. Finalise mortgage and close sale.
2. Get mortgage approval in principle.
3. View properties and make an offer.
4. Offer accepted → pay a booking deposit (refundable until contracts are signed).
5. Hire a solicitor.
6. Complete surveys and legal checks.
7. Sign contracts and pay deposit (typically 10%).

• Stamp Duty: 1% on properties up to €1 million; 2% on the portion above €1 million.
• Legal fees: €1,500–€3,000 + VAT (varies).
• Surveyor’s report: €300–€700.
• Valuation (required by mortgage provider): ~€150–€250.
• Mortgage arrangement fees: Sometimes ~€500 (depends on lender).
• Land Registry/Registry of Deeds fees.

• First-time buyers: 10% deposit.
• Second-time buyers or investors: 20%.
• Non-residents: Often 30–50%.

Apply through a bank, credit union, or mortgage broker. Lenders assess:

• Savings
• Income and employment status
• Existing debts
• Credit history

A non-binding confirmation from a lender stating how much they may lend you. It’s helpful when house-hunting and typically valid for 6 months.

Yes, particularly for first-time buyers:

• First Home Scheme (shared equity): Government can fund up to 30% of the purchase price of a new-build home.
• Help to Buy (HTB): Up to €30,000 tax rebate for new builds.

Only when both parties sign the contracts and the buyer pays the contract deposit (usually 10%). Before this, either party can walk away.

A Building Energy Rating (A-G scale) is required for all homes sold. It reflects energy efficiency. A-rated homes are most efficient and cost less to heat.

Yes, it’s strongly recommended. A structural survey identifies issues like damp, subsidence, or roof damage. It’s especially important for older properties.

• Freehold: You own the property and land outright (common for houses).
• Leasehold: You own the property but not the land (common for apartments). Check the lease length (typically 100+ years).

Yes, if you’re getting a mortgage, building insurance is mandatory. Contents insurance is optional but recommended.

• Local Property Tax (LPT): Paid annually based on the property’s value band.
• Income Tax on rental income (if you rent the property).
• Capital Gains Tax (CGT) on profit if you sell a second home.

Typically 8–12 weeks from offer acceptance to closing. Can vary depending on chain, mortgage approval speed, and legal complexities.

Yes. If it’s your only property, there are fewer restrictions. If it’s a buy-to-let, you must:

• Comply with minimum standards and tenant rights laws.
• Register with the Residential Tenancies Board (RTB).

Common types include:

• Land for development.
• Office space.
• Retail stores or shopping centers.
• Industrial/warehouse space.
• Mixed-use developments.
• Leisure space bars, cafes, restaurants.

• Leasing means renting the property for a specific period, often with less upfront cost and flexibility.
• Purchasing gives full ownership but requires a larger investment and long-term commitment.

Typical steps:

• Target market proximity
• Accessibility & transportation
• Zoning laws
• Nearby competition
• Demographics & foot traffic

Consider:

• Number of employees or customers.
• Storage or operational requirements.
• Future growth plans.
• Industry-specific needs.

• Modified Gross Lease: Costs are split in a negotiated way.
• Gross Lease: Landlord pays expenses (taxes, insurance, maintenance).
• Net Lease: Tenant pays a portion or all of these costs.
• Triple Net Lease (NNN): Tenant pays taxes, insurance, and maintenance.

Typically range from 3 to 10 years, with options to renew. Shorter terms may be available but often come with higher rates.

Yes. Most terms are negotiable including rent, length, tenant improvements, renewal options, and exit clauses.

• Service charges (if applicable).
• Utilities.
• Property taxes and insurance.
• Repairs and maintenance.

This depends on the lease agreement. You need to negotiate and include a sublease clause if you want that flexibility.

It’s a sum the landlord may provide to help with renovations or build-outs. Negotiated during the lease process.

• Property inspection (structure, systems).
• Title search.
• Environmental assessments.
• Zoning and land use review.
• Financial analysis and ROI.
• Review of current tenants (if income property).

Strongly recommended. They can help identify properties, negotiate, guide due diligence, and connect you to legal/financial professionals.

• Commercial mortgage.
• SBA loan (Small Business Administration).
• Private lenders or investors.
• Seller financing (in some cases).

• Down payment (30-50%% of purchase price).
• Closing costs (Stamp Duty @7.5%).
• Legal and inspection fees.
• Property taxes and insurance.
• Ongoing maintenance costs.

Depends on your business needs:

• Buy: Better for long-term stability, investment, and equity building.
• Lease: Better for flexibility, less capital required, and easier relocation.

Zoning determines what activities are allowed on the property (e.g., retail, industrial, residential). You must ensure the property is zoned for your intended use.

Yes. You may need:

• Business license.
• Signage permits.
• Health/safety permits (especially for food or medical use)
• Check with local authorities before moving in.

It means you (or another individual) agree to be personally responsible for rent or loan payments if your business defaults.

ROI varies widely (6%–12% average), depending on property type, location, management costs, and market conditions.

• Improve curb appeal or interior.
• Upgrade utilities and systems.
• Lease to reliable, high-quality tenants.
• Rezone or redevelop the space.