World Real Estate
Free Real Estate Portal

05-05-2010: If you buy condo you become an owner of the apartment and the grounds around which are common with the rest of the participants of the whole complex. Walls of the apartments including electrical and hydraulic installations remain in the possession of the investor. Monthly payment for the apartment (called ‘common charges’) are charged mainly for maintenance of common grounds of the condo and depend on the localization of the apartment in the whole building and it’s size.

Land taxes are not included in fees.

There is no problem with selling the apartment to the new owner, but the actual owner should always inform the investor about such an intention and the new potential owner should show the investor all needed documents, especially testifying of his financial situation and his ability to buy the real estate and to pay for the apartment in the future.
To carry out housing repairs in the apartment connected with hydraulic, electricity and all the parts of the apartment that could influence on other apartments it’s needed to have the agreement of the real estate investor (the owner of the whole complex). If the repairs are not connected with changing anything with ceilings, floors and walls – this kind of agreement is not needed.

05-05-2010: Real estate market in Ireland is still challenging with global crisis. But the signs of confidence in the market are coming back. The properties prices, which have been in 2007 pumped up to a very high level during the Irish economy grew 10 percent a year, are now still falling down. In 2009 the private property prices were almost 20 percent lower than in 2008. The prices have reached the levels from 2003, before the economy boom. An average price of a private house on the real estate market, was at the level of approx. 213000 EUR, which is almost 98000EUR less than the price from 2007. The economy of the country is still very weak, so there is no demand and additionally an oversupply of new houses. Also the commercial properties market, is challenging the crisis. The average price per square meter is nowadays approx. 370 EUR. Also the percentage of vacancies is growing and currently people who afford to pay the rent in Dublin, start negotiating the rent prices reduction. And they are successful. But there is a hope also for the commercial property market in Ireland. More and more investors from abroad, are showing their interest in the market, that have been previously dominated by local purchasers. DUBLIN is full of brand new commercial and office buildings for sale. Many prestige office space are unoccupied, and are only a memory of the booming economy in the construction sector in 2007, which boosted the price level. Land sales were at their lowest for many years in the last few years and little seems to have changed. There are signs of marginally more land available on the market in 2005.However, in Ireland it has always been the case, that land is more than just a capital asset to be liquidated in tough times. With a continued support for production provided via the EU's CAP (Common Agricultural Policy), most farmers can at least meet their borrowing commitments. So long as they can do this, they will always see land sales as a last resort.
Low interest rates are also of benefit to landowners in this regard and in the absence of further significant increases in the cost of borrowing, the supply of land for sale is unlikely to increase significantly.