
Buying
Why Buy in Limerick
Limerick offers a high quality of life, blending picturesque surroundings with proximity to the beautiful Irish countryside and a vibrant cultural scene. Known for its rich history, charming architecture, and friendly community spirit, the city boasts historic landmarks like King John’s Castle alongside modern amenities such as theaters, restaurants, and shopping centers.
Home to esteemed institutions like the University of Limerick, Limerick attracts a diverse and dynamic population, benefiting from top-notch educational resources.
The city’s growing economy, driven by sectors like technology, healthcare, and manufacturing, is supported by major companies such as Eli Lilly, Regeneron, and Johnson & Johnson, creating numerous job opportunities.
Limerick’s excellent transportation network includes Shannon International Airport, a comprehensive road system, and convenient rail and bus services.
With a relatively affordable housing market compared to larger cities like Dublin, Limerick is an appealing option for first-time buyers and property investors alike. Its robust rental market offers potential for consistent rental income.
Overall, Limerick combines affordability, opportunity, and a high quality of life, making it an excellent choice for both living and investing.
Buyers Guide
Purchasing a home is an exciting journey, but it can also feel overwhelming. To help you navigate the process, here is a step-by-step guide to buying a home in Ireland.
1. Determine Your Budget
Evaluate your finances: Review your savings, income, and any existing loans.
Get mortgage approval: Meet with your bank or mortgage broker to secure a mortgage in principle (MIP). This gives you a clear understanding of how much you can borrow.
4. View Properties
Inspect the property thoroughly, considering the condition, layout, and potential for renovations if needed.
Ask the estate agent questions about the property, neighborhood, and anything else that matters to you.
7. Book a Property Survey
Arrange for a qualified surveyor to inspect the property. This will reveal any structural or other hidden issues.
If significant problems are uncovered, you may want to renegotiate the price or reconsider your purchase.
10. Exchange Contracts
At this point, the sale becomes legally binding. Both you and the seller are committed to completing the transaction.
13. Register the Property
Your solicitor will register the property with the Land Registry or Registry of Deeds, ensuring that you are the legal owner of the property.
2. Research the Market
Explore locations: Consider different areas, factoring in commute times, local amenities, and future development plans.
5. Make an Offer
When you’ve found a property you like, make an offer through your estate agent.
Be prepared for negotiation. The seller may accept, reject, or counter your offer.
If your offer is accepted, it is subject to final contract agreement and legal checks.
8. Finalise Your Mortgage
With the property confirmed, finalize your mortgage with your bank or lender.
Submit all required documentation, including the property survey, to complete the loan approval process.
11. Complete the Sale
On the agreed closing date, the remaining balance is transferred to the seller’s solicitor.
Your solicitor will handle the transfer of ownership, and you will receive the keys to your new home!
14. Move In
Congratulations! Once everything is finalized, you can move into your new home.
By following this step-by-step guide, you’ll have a clearer understanding of what to expect when purchasing a home in Ireland.
3. Engage with an Estate Agent
Contact a local estate agent who can guide you through the available properties that match your budget and preferences.
6. Hire a Solicitor
Once your offer is accepted, hire a solicitor to handle the legal aspects of the purchase. The solicitor will conduct checks on the property title, planning permissions, and ensure there are no legal issues with the property.
Your solicitor will also oversee the signing of contracts and transfer of ownership.
9. Sign Contracts
Once your solicitor completes the checks and both parties agree to the terms, you’ll sign the contract.
Pay the deposit (usually 10%) to the seller’s solicitor, which officially secures the sale.
12. Pay Stamp Duty
After the sale is completed, you must pay stamp duty to the Revenue Commissioners. This is typically 1% for properties valued up to €1 million and 2% for anything above.

By following this step-by-step guide, you’ll have a clearer understanding
of what to expect when purchasing a home in Ireland.