Ireland - Worldproperties

Professional Real Estate Associations in Ireland

Society of Chartered Surveyors Ireland (SCSI)

Economic/Political Profile

For detailed information about the background, geography, people, government, economy, communications, transportation, military, and transnational issues of Ireland, click here

https://www.cia.gov/library/publications/the-world-factbook/geos/ei.html

For the Index of Economic Freedom, click here

http://www.heritage.org/Index/Country/Ireland

Financing a Property

Banks and Building Societies are the normal sources of funding for property purchase in Ireland. In the current climate lending is subject to much stricter criteria than was applied in recent years and evidence of the ability to repay the loan in the agreed term is being strictly adhered to.
The standard mortgage term was 20 years, but this is under some upward pressure at present. Rates can be variable or fixed, or indeed a combination of both (i.e. fixed rate on a portion of the loan and flexible on the balance). Fixed terms are usually upwards of one year and it is possible to obtain a ten-year fixed-term rate in today’s market.
Always remember that highly qualified actuaries, employed by the lending institutions, set fixed-term repayment rates, whereas variable rates are dictated by the European Central Bank base lending rate, plus an identifiable margin

For information on financing a property in Ireland, click here

http://www.itsyourmoney.ie/index.jsp?1nID=93&pID=94&nID=102