The Benefits of Letting
You may be considering letting for a number of reasons. Perhaps you will be working overseas for a number of years and want to retain a stake in the Irish housing market. Perhaps you have recently inherited a property or you may be one of a growing group of people who view property as a key element of their investment portfolio.
Whatever your reason for letting the private rental sector has never been more attractive.
- Recent legislative changes have removed many of the uncertainties associated with letting so that you should always be able to regain possession of your property at the end of a letting period.
- Financial returns from letting have significantly improved due to the return to real growth in-house prices, the availability of 'buy to let' mortgage schemes, and the ability to offset most costs associated with letting against rental income for tax purposes. Letting can provide both Income and Capital Growth.
- Strong economic growth, an increasingly mobile professional workforce and corporate relocations combine to ensure a strong demand for rental property in this geographic region, thus ensuring that you have minimal periods when your property remains unlet.
We trust that you will find this guide will be informative and helpful.
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