Should I buy or rent a home in Ireland?
If you have not spent a lot of time in Ireland, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"We currently rent and may buy once we become Irish Citizens. Our home is in an estate (group of similar homes) and talking to locals and agents got us in," mentioned another expat when asked about moving to Tobercurry, Ireland.
"Buying a home in Ireland can be an attractive option, particularly if you plan to stay in the country long-term. Purchasing a property allows you to build up your own equity, while renting usually means throwing money away each month with no returns. On the other hand, the cost of buying a home in Ireland is relatively high and can be difficult to finance. Additionally, buyers may be required to pay taxes and fees, such as registration fees, legal fees and stamp duty, when purchasing a property. Renting a home in Ireland is typically less expensive and may also give you more flexibility, allowing you to move to a different location without incurring additional costs. Furthermore, there are various incentives available for landlords, such as the rent-a-room scheme and tax reliefs. Ultimately, whether you choose to buy or rent a home in Ireland depends on your individual circumstances," commented one expat who made the move to Ireland.
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Other Questions:
- What should I pack when moving to Ireland?
- Where should I setup a bank account in Ireland?
- Will I be able to find a job in Ireland?
- What is life like in Ireland?
- What do expats in Ireland appreciate most about the local culture?
- What do expats find most challenging?
- Is there a lot of crime in Ireland?
- Is there a lot of diversity? Are people in Ireland accepting of differences?
- What are the schools in Ireland like?
- What are healthcare services like in Ireland?
- What are medical services in Ireland like?
- Are healthcare and health insurance expensive in Ireland?
- What are emergency services like in Ireland?
- Will I need to travel to see a specialist?
- Are common prescription medications available in Ireland?
- How are local medical facilities in Ireland?
- As a foreigner living in Ireland, will I have access to public healthcare? What is it like?
- What have your experiences during the pandemic with the local healthcare system been like?
Should I buy or rent a home in Ireland?
If you live in Ireland, newcomers to Ireland would love to hear your answer to this question.
About the Author
Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad Exchange, Betsy worked at AT&T in International
and Mass Market Marketing. She graduated from Ohio Wesleyan University
with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
