Investing in Ireland

Hi marty,
I bought an IP just outside belfast last year and it has performed well, 3 bed terrace house(town house) for 39000 GBP on a 11% rental Yield. its now worth around 50,000 GBP.
Look at areas around belfast and you should find some good deals. A good website is http://www.rightmove.co.uk.
Andy.

Yes, Ireland is generally considered an attractive place to invest due to its stable economy, strong business environment, and access to the EU market. However, one important factor to keep in mind is VAT (Value-Added Tax).

Ireland’s standard VAT rate is 23%, with reduced rates for certain industries. If you’re investing in a business or commercial property, VAT can affect your overall costs. The good news is that VAT-registered businesses can often reclaim VAT on expenses, which improves profitability.

That said, not all investments qualify for VAT recovery, so it’s important to understand how it applies to your specific situation.

Overall, Ireland offers solid opportunities but factoring in VAT from the start will help you make smarter investment decisions.

• This reply was modified 1 week, 1 day ago by  Michael John.