Buying property in Ireland
Ireland offers UK buyers stunning landscapes, a shared language, and a strong cultural connection. Whether you’re looking for a second home, future relocation, or a peaceful place to retire, it’s easy to feel at home. Our property buying guide is packed with information and resources to support you on your property journey, including:
- Important considerations when buying a property in Greece
- Information on navigating local taxes, visas and other regulations
- A handy checklist for ensuring you’re on track
- Lots of other little tips to support your dream move
- Why buy property in Ireland?
- Can UK residents buy property in Ireland?
- What kind of VISA will I need?
- Where to buy property in Ireland
- Currency exchange considerations for UK buyers
- How to plan costs when buying property in Ireland
- Frequently asked questions
- Legal considerations when buying a property in Ireland
- The step-by-step process of buying property in Ireland
- Working with Lumon – your trusted currency partner
- What our customers are saying
Why buy property in Ireland?
Green space
With scenic coastlines, peaceful lakes, and lush countryside, not to mention an unfairly maligned climate, Ireland is a nature lover’s dream.
Affordable properties
Outside of pricey Dublin, buying a home in Ireland can be surprisingly affordable, especially in counties like Donegal, Sligo, and Kerry.
Accessibility
With short flight times, frequent connections, and no language barrier, Ireland is an easy and familiar choice for UK buyers.
Can UK residents buy property in Ireland?
Yes, UK citizens can buy property in Ireland without any restrictions, whether as a second home, investment, or permanent residence.
Thanks to the UK and Ireland’s Common Travel Area (CTA) agreement, UK citizens also have the right to live, work, and access services in Ireland without needing a visa.
What kind of VISA will I need?
Thanks to the Common Travel Area (CTA) agreement, UK citizens do not need a visa or residence permit to live or buy property in Ireland. You can move freely between the UK and Ireland, access services, and reside permanently without immigration restrictions.
If you’re planning to work or retire in Ireland, you’re entitled to do so as part of this longstanding arrangement.
The information provided is for general information purposes and does not constitute legal, tax or other professional advice from Lumon, and it is not intended as a substitute for obtaining advice. it is recommended you seek professional advice from a financial advisor or any other professional.
Where to buy property in Ireland
Dublin
Bustling and cosmopolitan, Ireland’s dynamic capital offers strong rental potential and job opportunities.
County Donegal
Wild and unspoiled with dramatic landscapes, perfect for those craving space and seclusion.
County Sligo
A west coast gem offering beautiful beaches, mountain views, and affordable homes.
County Kerry
Known for its postcard scenery and strong tourism appeal, ideal for holiday lets or retirement.
County Cork
Ireland’s second city and surrounding areas offer a mix of culture, coastline, and strong infrastructure.
County Wicklow
Close to Dublin but with countryside charm, County Wicklow is popular for commuters and lifestyle buyers.
Currency exchange considerations for UK buyers
At Lumon, we’re here to simplify the currency side of your property purchase, helping you transfer funds overseas with ease.
How exchange rates could affect your budget
Exchange rates move constantly, and even small shifts can impact your budget. Your dedicated currency specialist will ensure you’re confidently prepared when the time comes to transfer.
Helping make overseas property payments easy
We have a range of transfer options to suit your needs, including Forward Contracts. After you buy, you can manage any ongoing property payments with ease through your online account.
How to plan costs when buying property in Ireland
Our buying guide for Ireland goes into depth about how to buy property there and what to factor in, including:
Set your budget: Factor in legal fees, taxes, surveyor costs, and currency exchange alongside the property price.
Understand local costs: You’ll need to account for stamp duty, solicitor fees, Land Registry charges, and property tax (LPT).
Have your deposit ready: Having your deposit in place early, in euros, will help move things along quickly.
Frequently asked questions
Is buying property in Ireland a good investment?
It can be, particularly in growing towns or scenic counties with rising tourism. Rental yields in Dublin remain strong, while rural areas offer long-term value and lifestyle appeal.
Can I buy property in Ireland as a non-resident?
Yes, UK citizens can buy property in Ireland without restrictions, regardless of residency. However, it’s worth speaking to a solicitor about tax and legal obligations if you don’t plan to live there full time.
Do you pay UK stamp duty on property in Ireland?
No, UK stamp duty only applies to UK properties. However, Ireland has its own stamp duty of 1% on properties under €1 million, and 2% above that, as well as other buying costs you’ll need to consider.
Do I have to declare an Irish property to HMRC?
You don’t need to declare the property itself, but if you rent it out or sell it at a profit, you may need to report any income or gains to HMRC if you’re a UK tax resident.
How can I reduce UK tax on my Irish property?
Ireland and the UK have a double taxation agreement, which helps prevent you from being taxed twice on the same income. A tax adviser can help you claim reliefs and navigate what applies to your situation.
Can I get a mortgage to buy property in Ireland?
Yes, UK citizens can apply for mortgages from Irish lenders, though non-resident buyers may need to provide more documentation and a higher deposit. Currency exchange should also be factored in if you’ll need to convert GBP to euros.
Legal considerations when buying a property in Ireland
Get independent legal advice: Appoint a solicitor who specialises in Irish property law and represents only your interests, especially if you’re buying remotely.
Check for restrictions: There are generally no restrictions for UK buyers, but some rural land purchases may come with planning or usage conditions.
Protect yourself from fraud: Ensure all documents are verified, confirm the seller’s identity, and avoid transferring funds before legal checks are complete. Your solicitor will guide you through this safely.
The step-by-step process of buying property in Ireland
1. Set your budget
Be clear on your price range and build in room for stamp duty, legal fees, and currency costs.
2. Choose your location
Whether you’re after countryside, coast, or city life, Ireland offers a wide range of settings to suit different lifestyles and budgets.
3. Appoint a solicitor and get a PPS number
You’ll need a Personal Public Service (PPS) number to buy property in Ireland. Your solicitor will help with this and manage the purchase process on your behalf.
4. Make an offer and pay a booking deposit
Once your offer is accepted, you’ll usually pay a small booking deposit to reserve the property, which is held by the estate agent.
5. Complete legal checks and transfer funds
Your solicitor will complete due diligence and exchange contracts. A Lumon specialist can help manage your final payment at a competitive rate, so you can settle the balance with confidence.
Working with Lumon – your trusted currency partner
Our team of currency specialists have the local market knowledge to help you navigate the process of buying a property in Ireland. With over 25 years of international property experience, we’re here to help make the process hassle-free.
Bank-beating exchange rates* and no transfer fees
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*Bank-beating exchange rates
Get more for your money with great value on every transfer. We offer bank-beating exchange rates, no transfer fees, and award-winning service you can rely on.
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Supporting our customers
I was moving our money from the UK to Ireland to complete a house purchase. The onboarding team were very reassuring. The money arrived that day and we even got a decent rate that beat the banks hands down.
What our customers are saying
Whether you’re buying a property abroad, sending a one off payment or require regular payments, we’re here to help.
Your property buying guide
Our property buying guide is packed with information and resources to support you on your property journey, including:
- Important considerations when buying a property in Ireland
- Information on navigating local taxes, visas and other regulations
- A handy checklist for ensuring you’re on track
- Lots of other little tips to support your dream move
