It appears most countries across Europe now have a scheme whereby you can rent a room in your house and the income earned is tax-free up to a threshold.
This is certainly something worth considering as many countries charge a crippling tax rate for rental income or for many people the extra income pushes them in a higher income tax rate. Effectively this means they may be paying back almost half the extra income in tax. Continue reading Rent a room to earn income and save tax
Recently a new section of the LUAS tram was opened in Ireland’s capital city Dublin. It was noted that the effect on house prices within the areas now linked by the tramway to the city centre was significant. This shows that transport is linked to house prices.
What was also significant was that the effect on house prices was in fact felt about 2-3 years rather than at the time of the opening of the line. The reason for this was that the line was planned and as such people became aware that the areas would soon have the new city centre link. Continue reading The effect of transport links on your house value
I live in Ireland and always buy at least 2 Sunday papers. From about 2010 to 2016 the property supplements of these newspapers either disappeared or was reduced to a half page in the lifestyle section. In the past 12 months thought the 8-12 page (and sometimes more) property supplements have again appeared. Along with this is the return of the open house phenomenon (usually detailed within the said property supplements). Continue reading The return of the open house to Ireland (the weekends are saved!)
It is generally agreed that Brexit will have little or no effect on house prices within most of the UK.
Demand for houses has remained high; there are simply not enough houses and this inevitably means prices will continue to rise because the laws of supply and demand demand it (if you get my meaning!). If people were moving as a result of Brexit the situation may be different but evidence suggests very few are doing this. Continue reading Will Brexit effect house prices in the UK?