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Real Estate - Property in Ireland.
Ireland Property Guide in 2003:Residential and Multifamily New Home Prices - 2003 - Whole Country:€225,000
Dublin:€295,150
Limerick: €203,700
Other Areas: €205,500
Second Hand House Prices in Ireland
Second-Hand House Prices - 2003
Whole Country: €266,500
Dublin: €350,600
Limerick: €209,000
Other Areas: €221,000
The average price paid for a house (whole country) in December 2005 was €277,850, up almost €25,000 on that recorded in December 2004 - €254,210. Real estate sales commissions average 1% on commercial transactions and 2.5 to 3% on residential transactions.
Real estate agents in Ireland represent the Seller. Both parties normally engage their own attorney. Commissions are typically pad by the Seller.
There is also a 1.09% notary fee. Stamp duties on the sale of residential property range from 3% up to 9% depending upon the value of the property.
First time home buyers receive a discount on the stamp duty of approximately 1%. Non residential stamp duties range from 1% to 9% depending upon the value of the property.
In general expect to pay a solicitor (attorney) about 1% of the purchase price, plus VAT @ 21% and expenses.
Real estate or immovable property is a legal term (in some jurisdictions) that encompasses land along with anything permanently affixed to the land, such as buildings.
Real estate (immovable property) is often considered synonymous with real property (also sometimes called realty), in contrast with personal property (also sometimes called chattel or personalty).
However, for technical purposes, some people prefer to distinguish real estate, referring to the land and fixtures themselves, from real property, referring to ownership rights over real estate
