Table of Content
- Sign up to our FREE weekly newsletter for the latest news, advice and exclusive money saving offers
- Estate agents and auctioneers
- What properties are excluded from the stamp duty for second homes?
- What you need to know when buying a second home
- Get a solicitor and start to view properties
- Second homes – what are the legal considerations?
- Find a suitable property
If a slice of the quiet life is what you’re after then Valentia on rugged, wave-battered Valentia Island could be the romantic location you’ve been seeking. Glanleam House, an estate dating back to the 1770s, has wonderfully maintained gardens that have their very own microclimate and therefore a collection of unusual plants. There’s also Skellig Michael nearby, an ancient monastic island, that reminds us of Craggy Island. If you’re looking for a spot with surroundings you can hike around at the weekend, Lismore in County Waterford could be the small town for you.
The town’s excellent beaches and surf breaks mean that surfers flock to its waters all year round. The Sea Session Music Festival is a particularly busy time of year. The former fishing port is the commercial centre of the county and is located on the north-west coast right on the Wild Atlantic Way. You’ll find a wide range of cafes, bars and shops catering to friendly locals, and crowds of tourists during spring and summer. Donegal Town is a lovely spot, located at the mouth of the River Eske. The town is a popular spot with tourists, so you’ll find great shops, pubs and options for dining out.
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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. Embarking on your holiday home journey can be a little daunting when you have a whole, exciting country to consider. To set you off in the right direction, we’ve rounded up some of the best places to buy an Irish holiday home. While the County is undeniably sleepy, this works well for retirees who are looking for peace and quiet by the sea.
From the village you can see the Burren Hills of County Clare in the distance and on a good day you can see across the water to the Aran Islands. County Sligo Golf Course is nearby, and affords players spectacular coastal views as you play. Strandhill is another popular coastal village in County Sligo, especially with surfers, golfers and lovers of a good pub. Tramore Bay has all the classic seaside staples – fairgrounds, ice cream, a positively lovely promenade along the sand, perfect for getting in that exercise you’ve been meaning to! The beach is known for its impressive sand dunes, which stretch for over five kilometres, and incredible Atlantic Ocean views. Of all the surf spots in Ireland, this is thought to be the very best.
Estate agents and auctioneers
Well, unless you’re only there to drink the Guinness at the Dublin brewery tour or see the Book of Kells, probably not. All the same, if you are looking for peace, quiet and solitude, try these off-the-beaten track locations. Learn to sail at Waterford Sailing Club, go deep sea fishing, learn how to scuba dive, or take in 18-holes at Dunmore East golf course.
If you live in Dublin, for example, it’s a lot easier to text your partner on a Friday and suggest a weekend getaway if your holiday home is in Wicklow as opposed to Donegal. You’ll want to make sure that you use the home enough to justify such a large investment. For queries or advice about historical, social or cultural records relating to Northern Ireland, use the Public Record Office of Northern Ireland enquiry service.
What properties are excluded from the stamp duty for second homes?
Galway City has also been appointed the European Capital of Culture for 2020. There are a range of events and festivals including the annual Galway Arts Festival in July and the Galway Races in August. At the heart of County Galway is the bustling Galway city, with a population of around 80,000. This tourist and student favourite is home to colourful pubs and cafes, where live music is always emanating from one door or another. Once your offer is accepted, sign your contract for sale, which binds both parties to completion.
The seller might change their mind, for instance, and take the house off the market. If this does happen, it is hard, but try not to let it stress you too much. It’s outside of your control — and many people in this situation find that they later end up with an even better property. Once you’ve had a viewing trip and you’ve spotted the home of your dreams, it’s time to make an offer. It can be tempting to jump right in but doing a little bit of preparation will help to make the whole process of making an offer on a house in Ireland that much smoother and more problem-free. You need to employ an experienced estate agent to set up property viewings on your behalf.
Bankrate services are provided at no cost to you, but we may receive a commission from the companies to which we refer you. Available to new and existing EBS mortgage customers taking out a mortgage on a property that has a certified Building Energy Rating of between A1-B3. You can see a full listing of our variable and fixed interest rates right here. You will need mortgage protection cover which can be arranged through us or you may get it through another insurance company.
There are charming villages like Kinsale and Cobh to direct your search around, where you’ll find colourful houses, sailboats bobbing on the water and fantastic restaurants, galleries and shops. For direct access to some of Ireland’s most stunning scenery, consider Connemara when you buy property in Ireland. Not only are you a short distance from Galway City but you’re on the doorstep of Connemara National Park where you can meet the famous wild ponies.
If you are still repaying a mortgage on your main home don’t worry, you can get another mortgage for a second home. It will help you make an informed choice when comparing properties. I would also recommend you get an Architect to advise you on any alterations you may have in mind and any planning implications they may have. Personally, I have had a bad experience with an old property I own. Since the house was originally built in the late 50’s many more houses, commercial buildings and recreational grounds have been added to the area.
It’s well worth looking in the Property Price Register⁵ to see comparable property prices in the area when you’re deciding how much to pay. Before you even start to look for a property, you’ll need to have an outline of a budget. We’ll look at the costs of buying a home in Ireland a little later, but setting a budget will help guide your choice of location and property type. An extra rental property can be a great investment and a brilliant way to earn some money, but it does come with its own set of challenges.
This involves registering you as the new owner of the property along with any mortgage you have obtained. Fees may vary depending on whether the property is registered in the Land Registry or Registry of Deeds. Once your solicitor receives the Title Deeds from the seller’s solicitor at the start of the conveyancing process, the fee can be confirmed. In addition, it is always good to get some referrals from family and friends who have used a good Solicitor in the past for buying or selling a home. Remember, if you have a property to sell, you will have to pay the solicitor twice – once for the sale of your old home and then for the purchase of your new home. Traditional mortgage advisor fees are 1% of the house price plus an hourly rate.
Westport is a common location in Ireland with Brits searching for property and Ballina, a town close to Killala Bay is another popular choice. In most cases, buying a property in Ireland is no more risky than buying in the US. This guide to buying a house in Ireland covers all the details including how to find a suitable property, choosing estate agents and the costs of buying. You should review your budget to find out how much you can afford in monthly mortgage repayments. 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.
Give yourself a ceiling price of what you would be willing to pay and stick with it. Although it can be disappointing if you lose out in a bidding war, just remember that there will be other houses. At this point, if you haven’t already, you really should have spoken to your currency specialist. If the pound-euro exchange rate moves against your favour now, could you afford to complete?
Georgian homes in Dublin, for example, and Victorian era cottages in towns, are commonly available. As an American buying property in Ireland, it’s natural to feel a bit wary, and to worry a bit about how to stay safe when negotiating property transactions. In reality, buying a home in Ireland isn’t that much different to getting a new place to live in the US - but taking a few common sense steps to stay safe is always a good plan.
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