Recent changes to the Local Property Tax (LPT) in Ireland have left homeowners wondering how they’ll be affected. With property prices experiencing a significant bounce in recent years, these adjustments aim to better reflect current home values while considering the financial pressures many households are facing. But how will these changes influence your annual tax …
Buying your first home is one of life’s most exciting milestones, but it’s not without its challenges. For first-time buyers, questions about interest rates and the right time to close on a property often take centre stage. With the dynamics of fixed mortgage rates constantly evolving, making informed decisions has never been more vital. Is …
Move Now or Wait? First-Time Buyers and Fixed Mortgage Rates Read More »
If you’re an American looking to relocate to Ireland to be closer to family, the thought of purchasing your dream home might feel exciting, yet somewhat daunting. Buying property in Ireland while residing offshore requires preparation, understanding of Ireland’s property market, and expert advice. This guide will walk you through the process step-by-step, so you …
When interest rates drop, many borrowers rush to take advantage of perceived savings. Whether you’re considering a new mortgage or refinancing your current one, this is indeed an opportune time. However, there are common mistakes that even savvy borrowers make that can result in costly missteps. This guide will explore the top five pitfalls to …
Avoid These 5 Common Mortgage Mistakes as Interest Rates Fall Read More »
Buying a home is no small feat. Whether you’re a first-time buyer or an experienced property investor, the process can feel complex and intimidating. But don’t worry – with the right property buying advice, you can make informed decisions, avoid stress, and achieve your dream of owning the perfect property. This comprehensive guide walks you …
How to Buy a House in Ireland: The Ultimate Home Buyers Guide Read More »
Managing agents for apartment blocks and housing complexes play a critical role in maintaining the functionality and value of properties. Despite their important contributions, issues around how managing agents handle finances, like subcontractor charges, often raise questions for owners. One frequent query is whether it is acceptable for a managing agent to charge more than …
Is It Normal for a Managing Agent to Charge Above a Subcontractor’s Fee? Read More »
Downsizing in your later years offers a chance to simplify your life, save costs, and make practical living decisions. However, it also brings about pressing questions and decisions that can feel overwhelming. If you’re in your 70s, considering moving into your smaller investment property, you’re not alone. This blog will explore two key questions retirees …
The Irish property market is increasingly being dominated by a new dynamic—parental gifts of up to €100,000 playing a pivotal role in determining who can buy a home. Often referred to as ‘The Bank of Mum and Dad’, these contributions are tipping the scales in favour of those whose parents can afford to help, further …
How Parental Gifts Are Rigging the Irish Property Market Read More »
When buying or selling property, entering into an investment, or resolving disputes, understanding property law is crucial. A recent High Court case in Ireland, Conor Martin v Ray & Etna O’Keeffe, highlighted the importance of contracts and their enforcement in property transactions. Whether you’re a first-time buyer, seasoned investor, or seller, knowing your rights and …
Property Law in Ireland Explained: Navigating Contracts and Disputes with Confidence Read More »
Navigating the world of property transactions within families can seem like a daunting task, especially when it involves significant sums of money and the associated tax implications. If you’re considering lending to your daughter to buy out your share of a jointly owned home, there are several financial and legal factors to weigh carefully. Loans …
Are There Tax Issues If We Lend to Our Daughter to Buy Us Out of a Shared Home? Read More »
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Holmes O'Malley Sexton LLP
