3 Properties to AVOID buying in Ireland as an Investor or Homeowner

Before you buy a home or investment property in Ireland you should consider some properties to avoid. To avoid nightmare property buys.

But in this video I want to focus on 3 properties I would avoid buying regardless of market conditions or future trends.

My name is Shane Fleming a chartered property expert with over 18 years of experience in real estate, a degree in property economics. The views in these videos are my own and are just entertainment no advice has been provided.

#housing #ireland #investing

[shaneflemingre]

Weird seeing how tired I am when watching back.

[johndeanconway]

Great content as usual, I loved this as I am about to invest in uk property with 70k deposit (plus fees and more savings for furnishing and decorating) to buy my own place, but I am also treating it as my fourth investment, having two spare rooms for lodgers to cover this property mortgage and tax costs... and to build my equity whilst working my day job for my next investment.

[GudrunScharrer]

Market declines, soaring inflation, a significant increase in interest rates by the Fed, and rising Treasury yields all point to additional losses for portfolios this quarter. How can I profit from the present market turbulence? I'm still debating whether to sell my $125k ETF/Growth Stock portfolio.

[oy]

Thanks for the advice.

I am buying an a property close to a primary school and a bus stop. And a park! So I am number 3!

However, I don’t drive, and I am also used to the soul-zapping traffic jams from getting the bus to work everyday.

When I do learn to drive; I will be fully aware of the perils they lay before me. It won’t be too bad outside of rush hour and school hours. Weekends may be carnage if the weather is good, too.

[paulomoteso]

Some great tips. Can you please do a video on the properties that are good for investment. Thanks 👌

[GhanYt]

A perfect storm is brewing in the United States. Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place. It's all coming together and it could lead to a real disaster towards the end of this year (or sooner). With inflation currently at about 6%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.

[mralekito]

Great advice about buying over a shop / takeaway. I saw an apartment before which was beside a fan for a restaurant. I asked the estate agent was it on all the time. He cheerily said “oh, it goes off around 2am’. I thanked him and left.

[richardnorris]

It's funny, I lived in a flat above a shop for years, and the shop door would make a 'beep-boop' sound anytime anyone went in or out, and when people would visit they'd say to me "How does that noise not drive you nuts?", but it never bothered me, compared to some problems in life it was about 8 billionth on my list of worries.

[sureshkp]

Great video Shane, thank you. Could you please put a video on investment options in Ireland other than house considering the tax brackets

[winterishere]

I dunno, was it because in NY there was decent sound proofing as compared to here where you can hear a neighbour wiping?

[treeblackcrows]

We lived over a chipper as students. Every eveing around 5 or 6 the smell of fish and chips would waft through the apartment. Must have put on a stone in weight that year as the smell was irresistible!

[willoconnell]

Usual great content Shane. Great stuff

[reillyjensen]

If we are owners and live far away from city limits, I'm sure there are a whole raft of other problems. Maybe 100 acres and house on center of lot, . Your access might be biggest issue. I would love to know general tax base rates.

[wildside]

Yeah, over a shop would be a nightmare

[dsdsdsds]

Very helpful video Shane . Great stuff nobody tell you to consider .. love it ❤

[ewanduffy]

I'd also never buy an apartment over a dry cleaner/launderette/fast food joint due to the elevated fire risk.

[Tom]

My friend wants to move back to Ireland but houses are very expensive, so he's thinking about buying a commercial premises in Dun Laoghaire and converting it into two residential units. He plans to rent one of them, and live in the other. Any chance you could make a video about the pros and cons of buying commercial property with the intention of turning it into residential?

[iangallager]

if you could put down a returnable deposit on a house or flat and live in it for one week before purchase then you'd know exactly what to expect in future

[krick]

Great info Shane, I've renovated over 75 homes in the US and am looking for my first one in Ireland or Scotland- your info certainly helps!

[dipper]

Another one to add. Be careful buying a property too near a University unless you are planning to rent it to students. Your head will be wrecked from September to May every year with midweek parties.