A must-read handbook for Irish immigrants to buy a house

A must-read handbook for Irish immigrants to buy a house

Buy real estate in commuting towns

During the boom, many Dublin workers moved to towns in neighboring counties, such as Navan, Menus or Triem. Although this usually means a one-way trip of up to two hours, the cost savings are considerable.

If foreigners are looking for rural areas, quiet places and have a good sense of community, then these areas can bargain. Foreigners should make sure to check their heritage very carefully, because some people lack facilities and may dress worse.

How to buy real estate in Ireland

The basic steps of buying real estate in Ireland are similar to those in many other European countries. Foreigners can start their search by browsing the list of real estate agents, newspapers and online resources. At this stage, finding a good lawyer will be particularly helpful.

The next step is to choose real estate and arrange financing. Foreigners should realize that they may still be bid by another buyer despite oral suggestions. Therefore, a definite formal quotation must be made as soon as possible-the initial quotation depends on the contract and investigation.

Once the surveyor evaluates the house, it is normal to modify the quotation if hidden problems are found. For example, because of the climate in Ireland, humidity is a persistent problem.

Completing the mortgage loan with the lender involves a lot of paperwork, which is the most helpful place for lawyers. At this stage, the buyer will generally pay the full deposit; It usually accounts for about 10% of the final cost, but this is negotiable.

Finally, buying a property in Ireland depends entirely on personal choices and circumstances. Although the real estate price has dropped, the rental price has also dropped, so for foreigners with short-term contracts, leasing may still be a better choice. It is wise for foreigners to do thorough research, weigh their choices and finally decide whether it is worthwhile to stay long enough to buy a house.

Further reading: Irish investment immigration costs

If you invest 400,000 Canadian dollars for five years, the principal will not be refunded, or a one-time payment of 6,543.8+0.2 million Canadian dollars will not be refunded (about 660,000 RMB).

Application fee of Quebec Immigration Department (paid when submitting application materials)

Principal applicant: 3850 Canadian dollars

Other applicants: 150 Canadian dollars.

Application fee of Federal Immigration Department (paid when submitting application materials)

Principal applicant: 1.050 Canadian dollars.

Spouse and children over 22 of the principal applicant: 550 Canadian dollars.

2 1 children under the age of: 150 Canadian dollars.

Landing fee (paid before visa after interview)

Principal applicant: 490 Canadian dollars

Principal applicant's spouse: 490 Canadian dollars

Children: free of charge

Other expenses: medical examination fee (paid when the interview is passed)

Adults: about 1200 RMB.

Minors: 800 yuan RMB.

Notarization fee, translation fee, audit fee and asset appraisal fee vary from person to person.

The cost of living is inseparable from food, clothing, housing and transportation.

Housing costs:

Buying property and repairing the house are the number one expenses of the family. The average selling price of 20 16 Irish property is about 20 1 798. For a 2 15000 house, the loan is 90%, and the annual repayment is about 9847.48.

The property tax is about 405 yuan per year, and the annual maintenance and renovation costs are about 1 and 24 1.

If it is a three-bedroom house, the heating cost in 20 16 years is about 975, and the electricity cost is about 1 0,082.48.

In addition, there are some trivial expenses, such as: home insurance is about 538, telephone and internet fees are about 5 15, and garbage disposal fees are about 3 15.

Take the housing price in the capital Dublin as an example.

Among them, the average price of real estate in the western suburbs is about 350,000 euros/set.

The average northern suburb is about 265,000 euros/set.

The southern suburbs are rich areas with a high housing price base.

In the city center, the rent for a one-bedroom apartment is 1078 euros, and it is about 870 euros outside the city center.

In addition, the price of buying a house in the city center is 3982 euros/square meter, and the exchange rate converted into RMB today is 30285.50 yuan/square meter, while the average house price in Beijing this year is 35599 yuan/square meter, and the house price in Shanghai this year 10 is 45447 yuan/square meter. Although Ireland is in the euro zone, the overall house price has lost to Beijing and Shanghai. Of course, the real estate market in China is still far away in the world.