Real estate investment in Ireland
In Ireland, foreigners can buy, sell and rent out properties without restrictions.
Statistics confirm the liquidity of investments: residential real estate prices grow by an average of 1.7% every quarter. Five years ago, an apartment of 100 m² cost an average of €273,000, and today it is sold for €382,000.
€3,816
Average price per 1 m²
of housing in Ireland
of housing in Ireland
1,7%
Average price per 1 m²
increase per quarter
increase per quarter
2,5—4,6%
Buyers’ related expenses,
of the transaction amount
of the transaction amount
How the residential property price index is growing in Ireland
Cost of a 3-bedroom apartment in Ireland
€1.5 million
Apartment in Dublin in the prestigious Ballsbridge district
€500,000
Apartment in Dublin
€250,000
Apartment in Galway
What do investors buy?
The most expensive real estate is in the capital Dublin and the major cities of Cork and Galway.
Apartments
- penthouses
- duplexes
- apartments
Houses
- townhouses
- mansions
- historic estates
Ireland residence permit or citizenship by real estate investment
Obtaining an Ireland residence permit or citizenship is not connected with purchasing real estate or investing. However, Ireland offers a residence permit for investing at least €1 mln in the country’s economy. The money can be invested in a company or an investment fund. A donation to charity is at least €500,000.
40+ guides on European countries
Learn the prices for purchasing and renting a property in each country, the market dynamics and taxes on buying and selling real estate.
Portugal
Malta
Austria
Greece
Andorra
Italy
Turkey
Montenegro
Switzerland
Cyprus
Spain
Germany
France
All countries
Taxes and associated costs
Taxes
Property owners pay an annual tax at a progressive rate:
- 0.18% — on the value part
up to €1 mln; - 0.25% — on the value part
exceeding €1 mln.
If the owner rents out the property, they pay a tax of 20% on the rental income.
€1,980 Approximate annual costs for
maintenance of an apartment
maintenance of an apartment
Communal payments
Electricity, gas, water, heating, and garbage collection |
€110—290per month |
Internet, TV and telephone |
€20—40per month |
Real estate sellers pay a capital gain tax of 33% on the difference between the sale and purchase prices.
An agency fee or a realtor’s commission ranges between 1.2% and 4.3% of the transaction amount. It is usually included in the contract price.
33% Capital gains tax
on the sale of real estate
on the sale of real estate
Expenses on the sale
Capital gains taxPaid on the difference between the purchase and sale price |
33% |
Agency fee |
1.2—4.3%VAT included |
Frequently asked questions
Can foreigners buy property in Ireland?
Yes, foreigners can buy property in Ireland without restrictions. They can buy and sell real estate without restrictions, and rent it out.
How much does an average house cost in Ireland?
On average, 1 m² of real estate in Ireland costs €3,816. Real estate prices depend on the property type and location. The most expensive real estate in Ireland is in Dublin, the capital, and other major cities like Cork and Galway. A two-bedroom apartment costs €500,000 in Dublin, and €250,000 in Galway. In smaller cities such as Sligo and Waterford, the cost of three-bedroom apartments is €115,000-170,000.
Which county in Ireland has the cheapest property?
The county of Leitrim is known to have the cheapest real estate in Ireland. The average house price here is €175,000.
What taxes do I pay when I buy a house in Ireland?
Buyers of real estate in Ireland pay a stamp duty of 1—2%.
Property owners in Ireland also pay an annual tax at a progressive rate:
- 0,18% of the cost for a property worth up to 1 million euros;
- 0,25% of the cost for a property worth more than 1 million euros.
