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.
of housing in Ireland
increase per quarter
of the transaction amount
How the residential property price index is growing in Ireland
Cost of a 3-bedroom apartment in Ireland
Apartment in Dublin in the prestigious Ballsbridge district
Apartment in Dublin
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.
- 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.
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Taxes and associated costs
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.
maintenance of an apartment
Electricity, gas, water, heating, and garbage collection
Internet, TV and telephone
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.
on the sale of real estate
Capital gains tax
Paid on the difference between the purchase and sale price
Frequently asked questions
Yes, foreigners can buy property in Ireland without restrictions. They can buy and sell real estate without restrictions, and rent it out.
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.
The county of Leitrim is known to have the cheapest real estate in Ireland. The average house price here is €175,000.
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.