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With Dublin now more expensive than London
Really? Surely only in some areas? Or do you mean cost of living?
Oliver Schick-
Pretty much anywhere central has gone through the roof. A mate has just bought a 3 bed in a place none of us would ever have aspired to live, and he paid 400k. Couple that with a maximum of 80% loan makes buying a property in the centre pretty tough for 1st time buyers.
The cost of living in general is much much higher in Ireland, its a joke. Personal tax rates are so high.
Colm89
My wife and i are currently struggling with the what you can get outside of London question.
I'm from just outside Dublin (30 mins from centre by bike), she grew up on the Atlantic Coast just outside a small town, we own a 1 bed freehold house in Camberwell.
In the past 3 months, I've gone fully home based, and she has been made redundant and setting up her own business. It's a tight squeeze in a 1 bed house, and we don't need to be near a city anymore, so looking at moving back to Ireland. With Dublin now more expensive than London, we'll realistically be moving to countryside, which she loves, but as a city boy I'm struggling with the idea of.
To confuse matters more, we're 2 years into a 5 year fixed term (funny how plans change sooner than you think innit), so we'll be hit with a fine of 3% of total value of the loan to buy ourselves out early. We can't port the loan to Ireland as its a different country, unless we buy in Northern Ireland, which we don't really want to do. We're not in a mad rush to leave, thankfully my salary more than covers the mortgage and bills while mrs. colm89 gets her business up and running, but there's no doubt life would be more comfortable if our outgoings were lower.
Anyway, not asking for advice, just chipping in with my 2p in relation to the outside London statement, and thinking out loud.