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Can anyone buy property in Ireland and what affect does that have on pricing?

armabelle · 2016-06-14 09:18:34

I watched a documentary about London real estate prices and how normal working people are no longer able to afford to buy property because off foreign investment in the English property market. Is this also the case in Ireland and are there any laws that actually protect Irish people from this? I hear a lot on the news…

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#32 17-06-2016 12:35pm
ohnonotgmail

Registered Users Posts: 40,442 ✭✭✭✭

Join Date: March 2015

Posts: 39804

Carawaystick wrote: »

The planning restictions are pretty unenforcable.
Say there was a local owner occupier condition.
Person buys the house. doesn't repay the mortgage.
Bank gets a reposession order.

Bank can't own the land because its incorporated away up in Dublin, and also is not an occupier? Don't think so.

there is usually a provision for the mortgagee to sell on the property in the event of foreclosure.

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