| |
| |
|
Nationalrealtyresource.com
|
| Home | Find a topic | Links | Guest Book |
| Welcome |
|
|
|
Buying A Holiday Home in Rural Ireland
Ireland has recently witnessed an upsurge in the number of investors buying holiday homes in some of the country's most scenic areas. With stars like Jeremy Irons and Daniel Day-Lewis popping up in the quaint villages of West Cork, prices in many of these areas are at a premium. Kerry and West Cork, in particular, and the south coast in general, known as the Irish Riviera are attracting a steady flow of Britons and American's. The majority of the British buyers are investing in a property to use as a holiday home with the intention of retiring to it in the future. The south coast of Ireland tends to have a milder climate than the rest of Ireland, experiencing warm summers and milder winters brought in by the Gulf Stream current that flows past its shoreline. The climate, coupled with the breath-taking scenery and strong sense of heritage and culture, has made Cork an attractive location not only for Britons searching for a rural retirement idyll but also for the French and Dutch who have long been attracted to county. The Irish too, taking advantage of improved roads, domestic flights offered by Aer Aran, and generous tax incentives are beginning to search closer to home for holiday home investments. With prices as low as ?110.000 for a two bed roomed chalet on Dingle Peninsula, investing in a holiday home in Ireland, need not break the bank. Generally, chalet style homes will be cheaper to buy than stand alone properties on their own land. Most people want to buy a traditional style home with views of the sea or unspoilt countryside. A typical three-bedroom property with sea views could cost anything upwards of ?480,000, while a property with spectacular country views could have a price tag in excess of ?280,000. The difficulty and one of the factors contributing to the high property prices in Ireland's most scenic locations, is the shortage of properties that come on the market. It seems that when people buy in Ireland's most scenic locations, they don't want to move! With many of the people buying holiday homes in Ireland having roots in the country, they tend not to get too involved in renting out the property. For those who want to invest in a holiday home to let when not in use, the letting potential of properties located in areas such as West Cork, Kerry, Connemara or quaint port towns such as Killibegs, is good. A four bed roomed house with good sea views could expect to take in ?1000 per week in the summer season. Quite often, buyers find holiday homes too small and see extending the property or building a new home as the best option. It is worth bearing in mind the difficulties that may be encountered taking this route. Strict planning regulations make it almost impossible for foreign investors or indeed Irish nationals from outside the county, to build a property on purchased land. Planning regulations favour locals building new homes in the area. It may be more difficult too for foreign buyers to obtain planning permission to significantly alter or renovate an existing property, though once a property is owned, it is easier to secure planning. With the demand for second homes remaining steady, there is no sign of prices slowing down. Last year property prices in West Cork rose between 8-9%. The situation is similar for many of the other tourist hotspots. Rental incomes aside, anybody making a smart investment in some of Ireland most desirable scenic locations can expect to see significant return on investment over the coming years. Tracey Meagher owns and maintains PropertyAuthors.com, a website offering free property investment ebooks and articles. A full detailed version of this article is available at the PropertyAuthors website. She also runs many property newsdesks, including Property Newsdesk Central and Eastern Europe and Property Newsdesk Bulgaria
MORE RESOURCES:
Real-Estate - Google News |
|
|
|
RELATED ARTICLES
5 Simple Steps to Sell Your House Fast! The decision to sell your house wasn't made on the spur of the moment. It may have been spurred by the desire to live in a nicer home, the need to move for a new job or the necessity to get a handle on out-of-control costs. Property Types A, B, C And D One of the biggest problems individuals just starting out have is the type of property they look for, and working outside their immediate area. One of the constants around the country and for every state, is that there are the most desirable areas to live and the least desirable; and then those that fall in between. Investing in Real Estate Like a Stock A REAL ESTATE STOCK PLANGetting out of the bleachers and into the game!This report is going to explain or attempt to give the stock market investors a basic one-on-one interview with a real estate portfolio manager who has consistently made a profit on 100% of the investment products that were actively chosen and managed. Never a loss, always tax advantaged and sheltered. Secrets of Making Money from Real Estate - Part 2 Leverage: With real estate, people and companies will lend you money to invest. How much real estate can you buy with $20,000? Probably between $100,000-$300,000, depending on the lender. Property Investing Secrets 4 Property Investing Secrets:How to Sell to 100% of the Market Place Using Lease OptionsWhen property investing, you will find if you make houses easy for people to buy, your properties will become easier to sell. Most people who are selling houses today are selling to the 80% of the population who have good enough credit to qualify for a bank loan. How to Find the Sweet Spot in Real Estate Investing Psssssssssst, Want to know a great way to make FAST money in real estate? Listen closely now because this tip is definitely cashable.. Kings Bay Georgia Real Estate - Be Picky When You Choose your Realtor! I have been a mortgage lender for many years and have seen a few transactions go sour. When problems arise after a contract is signed, it can be stressful for everyone involved. How to Use the Internet to Help Your Apartment or House Hunting So you are looking for an apartment to rent or a house to purchase. One of the most important steps is researching the neighborhood to decide if you really like to live in that area. Safe, Scenic & Secure Sussex County Delaware As I write this, there is a considerable concern about the dangers of urban life, triggered by the terrorist attacks on the USA. As some of you know, I have been a student of disaster preparations and a real estate consultant for those seeking "secluded and survival properties" for over thirty years. Joint Ventures In Real Estate Development; So How Do They Work? There are many reasons why you would consider joining with another person to undertake a development project in Joint Venture. Usually the most basis reason reveolves around something you don't have. Successful Property Letting And Management Successful Property Letting And Management is not something that just happens, it is something that has to be worked at, and planned professionally. When a landlord or an agent has a problem let, it is almost certainly to do with the suitability of the selected tenant. What Does It Take To Be A Donald Trump in Real Estate? Since you are a business oriented person, you might be thinking: "oh, great, here it comes another fad that sounds to good to be true and I don't have time for this now." Well, the fact is, like gravity you do not have to believe in Feng Shui for it to work. Expense List for Buying a Home There are many expenses that come with buying a home. The following list is a good example of what to expect:Down payment - A minimum of 20% of the home's purchase price is usually required for the best loan terms and to avoid paying private mortgage insurance (see below), but it's entirely possible to buy a house with a smaller down payment. Real Estate Remains A Strong Investment Opportunities to make big, quick profits in residential real estate tend to come and go in cycles. When a local market is hot, families may find it possible to buy a house at an attractive price, fix it up, and watch its value rise in just a few years. Credit Help: Buying Real Estate -- Not the Same as Buying Cars Credit for Buying Real Estate is Different than Credit for Buying CarsForget what you've been told about credit.You may be shocked at some of these tips because this information runs contrary to what other so called experts tell you. How To Buy Real Estate - Yes, YOU CAN! If you want to buy a house but don't think you can for any of the following reasons, this article is intended to give you correct information so that you can make smarter choices and open yourself up to a world of wealth, possibilities and realistic expectations.The truth is you are being unrealistic when you believe the following reasons to be true:I can't buy property now because? I don't have 20% for a down payment, let alone 5%, let alone even 1%. Real Estate Investing - The Motivated Seller How the heck do you find a "motivated seller?"The motivated seller doesn't wear a tattoo on his forehead that announces the distinction. And he never drags you onto his property begging you to buy. Realities of Real Estate Investing If you are anything like me, you are always looking for a good way to work for yourself and make tons of money. Is this not the dream of millions of Americans? Of course it is, and I am willing to bet that you have considered getting into the real estate market at some point. Is An Old Home for You? - The Cons So you think you might like to buy an old home? Perhaps even something old enough to be historic? It's a good idea to carefully evaluate the pros and cons before you decide. There are plenty of both. Real Estate: The Consumers Will Have The Final Word! "The first step toward change is awareness. The second step is acceptance".
|
| |
| |
|
Home | Guest Book |Site Map | Recommended Resources | Search Powered By: TJTMEDIA |
| © 2006 |
