Apartment Lease what proportion is for the Land?

frankde

Registered User
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77
Hi All
From my understanding apartments in Ireland are leasehold
Just wondering in general what proportion of the apartment cost is for the land and how much for the apartment, what would be this ratio?
 
Do you mean what portion of the cost of buying an apartment relates to the price the builder might have paid for the land versus the build costs? If so, that will vary so much that a general rule would be meaningless.

When you lease an apartment, you are only leasing what's within the unit, so internal plaster, flooring and ceiling and all they encompass. You do not get any rights to the external walls, let alone any portion of ground.
 
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