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Buying property in Europe

Ireland
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Ireland

Prices: Average home costs $257,350 (about 200,000 euros) in the first quarter of 2010 (Finfacts).

Transaction costs: 3.19 percent to 10.11 percent of purchase price (Global Property Guide).

Restrictions on foreign property ownership: No.

Buying process: Refundable booking deposit, up to 3 percent of purchase price, paid to agent after loan approval. At contract signing, you pay a nonrefundable deposit equal to 10 percent of the purchase price minus the booking deposit.

Tip: A stamp duty of up to 9 percent of the purchase price is payable once the conveyance of the property is complete, which can take six to eight weeks from the contract signing. First-time homebuyers with properties purchased at $398,909 (310,000 euros) or below are exempt from the stamp duty (Global Property Guide).


 

 

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Mortgage Overnight Averages
Product Rate +/- Last week
30 yr fixed mtg
3.73% 3.65%
15 yr fixed mtg
2.85% 2.79%
5/1 ARM
2.60% 2.59%
30 yr fixed mtg refi
3.72% 3.64%
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