Property as an Investment in Ireland

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hedgeeverything

hedgeeverything

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Hi,

I'm considering buying a couple of investment properties in Ireland.

I've historically had a lot of money tied up in technology stocks through the company I work for, an ETF, and a fund.

Recently I sold some of my company stock so I could start diversifying. It means I have nearly 7 figures in cash.

I own my house outright, max'd pension, and still have a considerable amount in the stock market.

I'd like to diversify my portfolio.

From speaking with friends with a single flat, they feel being a landlord is not a good investment in Ireland and are concerned about what laws Sinn Feinn will bring in when in power.

I'd love to get some advice on where I could start to research my best options re: property as an investment category. I was thinking of looking into the commercial property sector as well, like spaces for remote work etc.

Any advice would be great, even if it's just where to get started with research etc

Thanks
 
hedgeeverything said:
concerned about what laws Sinn Feinn will bring in when in power.
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Slow down there, that threat is doing the rounds alright, but, we have learnt our lesson from the protest Brexit vote i think. Look what happened there... Sane people thought it would never happen and wanted to give the Government a good kicking by voting for Brexit...
 
LS400 said:
Slow down there, that threat is doing the rounds alright, but, we have learnt our lesson from the protest Brexit vote i think. Look what happened there... Sane people thought it would never happen and wanted to give the Government a good kicking by voting for Brexit...
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And three and a half years later they gave Boris Johnson and the Tories an 80-seat majority in an election called and fought on "getting Brexit done".
 
And sitting on this side of the pond, it has been a manure show,

I can only hope the sane people of Ireland don't do a similar protest vote here
 
LS400 said:
And sitting on this side of the pond, it has been a manure show,

I can only hope the sane people of Ireland don't do a similar protest vote here
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If it was that much of a manure show from their perspective, they wouldn't have given Johnson such a huge majority in December 2019 and Labour their worst result since the 1930s. It wasn't even a protest vote. Half the political establishment supported it.
 
You would have to agree, there was no competition?? The Lib Dems don't even make it into the papers any more, and Labour, seriously.

That Huge majority your focused on was a shallow victory.
 
LS400 said:
You would have to agree, there was no competition?? The Lib Dems don't even make it into the papers any more, and Labour, seriously.

That Huge majority your focused on was a shallow victory.
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That may be so, but the fact is that your "lesson learned" theory is baseless. And the Shinners will clean up here the next time, unfortunately.
 
As for residential investment, there is a world of information available on Daft.

You can learn a lot about 4 bed homes in SCD and one bed appts in Cork in an hour.

Property prices are high, rents are very high, 8% return before tax is entirely possible.

In general lower priced properties give a better yield than higher priced. It is said that there is more scope for capital appreciation in the better areas, personally I doubt that. Capital appreciation is difficult once you get beyond the borrowing capacity of the purchasers.

Bear in mind that property investment is not like investing in the Stockmarket. You will have to manage the property. You can employ an agent, that will reduce your return, and at the end of the day even good agents will only go so far. You never get a call from your tech stock to say someone has broken all the windows in the warehouse.
 
property is a poor investment in ireland unless buying to live there imo

CGT/high taxation on rents/landlords have very few rights/tenants can just stay and stop paying rent
 
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