Investment Property
Investment Property
Investment in property comes in all shapes and sizes. Much needs to be considered. Location, tenants, rentability, lease length, rental yield, cost of borrowing money, domestic legalities and taxation. Remember, there is taxation on rent, community charges, gains and potentially on inheritances.
Investing directly is big ticket investment. You need to have a large sum available and be prepared to borrow whether against existing Irish property assets, or overseas assets. Investment in property syndicates can now be made for as little as EUR30,000 allowing you to build a portfolio of such investments. Investment in property plc's through unit linked funds can be made for as little as EUR5,000. Bear in mind that properties can fall in value during periods of poor economic circumstances. As a general rule ensure that your investment debt doesn't exceed 50% of your property values, that you earn or hold sufficient cash to weather any prolonged vacancies and that you are committed to long term investment even if prices fall in the interim. Don't take it lightly just because its all the fashion today.
If you're any way unsure whether geared investment in property is right for you, first undergo a financial planning process that examines the mix of your overall balance sheet and with the capability of getting involved in property and the pros and cons associated with it. Financial Planning Advice.
Occassionally profiled below you will find brief introductions to property investments from firms with whom our firm has terms of business. In each case you can download PDF documents providing you with important detail and directions on how to invest.