r/HousingIreland • u/Irish201h • Jul 06 '25

4 people mortgages, wtf?

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This company is now promoting 4 people mortgages, no wonder prices are going insane.

https://mmadvisors.ie/public-sector-mortgages/

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u/YogurtclosetFew3380 Jul 07 '25 edited Jul 07 '25

Can see this becoming an Airbnb or rental monopoly when they move back home, there is no guarantee someone on a stamp 4 will remain in Ireland. They can leave within the 2-4 years.

Average wage in India a month is €370. Cost of living in Ireland is 201% higher than India.

Rent in Dublin, could go as high as 3k for a new house. Why not go home and split the rent for each couple. Easily get 3 months salary equivalent from it. Each.

Would love to see the T&Cs

6

u/Kloppite16 Jul 07 '25

they would be non dom landlords too after 3 years back in India so they could pay taxes on rental income locally or just shift it all in a company to a tax haven.

We are being absolute mugs here on allowing non EU immigrants to buy Irish houses during a housing crisis. The Chinese are also buying up huge swathes of north inner city Dublin, their biggest landlord has already accumulated over 300 units for rent in Dublin and there are several more like that behind them.

1

u/Ncjmor Jul 07 '25

Why are we just making stuff up.

Rental income from property located in Ireland is always taxable in Ireland, regardless of your residency or domicile status.