Helping Investors Reduce Risks & Liabilities
Ireland’s property market offers lucrative opportunities for investors, however, as with any market, it is not free from risk and there are many potential threats to the profitability of your investment. At McCarthy + Co, our highly experienced conveyancing team has decades of experience in helping investors to navigate the complexities of investment property conveyancing in Ireland.
Whether you’re purchasing your first investment property or expanding your real estate portfolio, our team of solicitors will guide you through the legal processes, safeguarding your interests and helping you to maximise your investment potential.
Residential Investment Properties
We provide a range of services to individuals, businesses, and developers that require assistance with conveyancing for properties within Ireland.
Our residential conveyancing team can assist you with:
- Legal Advice & Due Diligence – We provide expert legal advice on property transactions, ensuring you understand your rights and obligations. This includes advice on contracts, property laws, and any potential legal issues that might arise.
- Property Searches – We conduct thorough searches to uncover any issues that might affect the property’s value or suitability for investment. This includes checking for planning permissions, local authority searches, and environmental factors.
- Handling Contracts – We review and manage the contracts involved in the property transaction. This includes negotiating terms, ensuring contracts are fair and legally binding, and managing the exchange of contracts.
- Managing Finances – Our solicitors oversee the financial aspect of the property transaction. We handle the transfer of funds, including the deposit and balance payment, and ensure all financial obligations are met.
- Liaising with Parties – We communicate with all parties involved in the transaction, including estate agents, mortgage lenders, and the sellers’ solicitors. This ensures the process runs smoothly and efficiently.
- Addressing Complex Issues – If there are any complex legal issues or disputes, such as boundary disputes or issues with the property’s title, we will address and resolve these.
- Completing the Transaction – We ensure that the transaction is legally completed, which includes registering the properties in your name and paying any stamp duty due.
Whether you’re considering your first buy-to-let investment, or you’re looking for responsive legal services for a larger residential property portfolio, the McCarthy + Co team will be happy to assist you with any questions you may have in relation to your property investment plans. Arrange a time to talk to us by completing our quick and confidential property consultation form.
Commercial Investment Properties
We also provide a range of services to business owners and investors who require assistance with the legal aspects of purchasing commercial property.
Our commercial conveyancing team can assist you with:
- Market Analysis and Advisory – Insights into Ireland’s commercial real estate market, trends, and opportunities.
- Legal and Regulatory Compliance – Ensuring your investment complies with all relevant laws and regulations.
- Complex Transaction Handling – We have expertise in managing multifaceted commercial property transactions.
- Ongoing Legal Counsel – We provide support for lease agreements, property development, and dispute resolution.
At McCarthy + Co, our solicitors have a deep understanding of the commercial property sector in Ireland, offering the strategic advice and legal services you need for your investments to be profitable and risk-free. Arrange a time to talk to us by completing our quick and confidential property consultation form.
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Frequently Asked Questions
Questions we are often asked regarding investment properties.
What is a Pre'63 investment property?
A "Pre'63 investment property" refers to a property that was built before 1963. The significance of this designation stems from the fact that building regulations in Ireland were introduced in 1963. Properties built before this year were not subject to the same planning and building regulations that came into effect afterward.
These properties are often large, period homes that have been converted into multiple rental units. Investors are typically drawn to them because of their potential for high rental yields and their historic character. However, owning a pre'63 property can also come with challenges, such as higher maintenance costs, the need for regular upkeep, and potential restrictions related to conservation and planning if any changes or renovations are to be made.
The term "Pre'63" in this context is unique to the Irish property market and is a common shorthand used by real estate professionals and investors when discussing these types of properties.
What are common issues with Pre’63 investment properties?
Common issues with pre'63 investment properties include high maintenance and renovation costs, as these older buildings often require significant upkeep. They may not meet current building and fire safety standards, necessitating costly upgrades. Structural problems are also frequent due to age. There can be legal and regulatory complexities in managing multiple tenancies within these properties. Additionally, such properties may fall under conservation regulations, limiting alterations and adding to renovation challenges. Finally, achieving energy efficiency in these older buildings can be difficult, impacting both costs and rental appeal. For these reasons it’s essential to consult with your solicitor before attempting to initiate the purchase of any pre'63 investment property.
What are the main risks with all types of investment properties in Ireland?
Investing in property carries several risks, including market volatility, which can lead to significant fluctuations in property values. Additionally, property is a relatively illiquid asset, and may prove challenging to sell quickly, especially during market downturns. High transaction costs are another consideration, with expenses like stamp duty, surveyor’s fees, and legal fees adding to the investment's overall cost. Furthermore, property management demands considerable time and effort, encompassing maintenance and tenant acquisition, which can be both time-consuming and costly. These factors combined make property investment a venture that requires careful consideration and planning. It’s therefore important to have experienced financial and legal advisors on your side throughout the process.
Joseph McCarthy leads the conveynacing department at McCarthy + Co. Joseph has been an integral member of our team since 2013, bringing a unique blend of expertise and dedication to his role. Joseph provides a problem-solving oriented approach to property buyers and sellers throughout the conveyancing process.
Joseph can be contacted via email at: firstname.lastname@example.org
About McCarthy + Co
McCarthy + Co. are a team of solicitors with more than 30 years of experience in providing legal advice, guidance and assistance to clients across Ireland.
We are a family-run business with offices in Dublin and Cork, but we have dealt with clients everywhere from Galway and Limerick to Waterford. We are honest, plain-speaking and thorough – we will work alongside you to ensure your property sale or purchase is as efficient as possible.
Our Awards & Accreditations
We are a multi-award winning firm, accredited by the Law Society of Ireland.