The financial pitfalls of owning a vacation home in an age of rising prices and taxes

The allure of owning a vacation home was amplified in the summer of 2021 as pandemic restrictions on international travel prompted city dwellers to explore the beauty of their own country. Buoyed by savings accumulated during lockdown, home seekers this year have continued to snap up everything from crumbling cottages in West Clare to historic homes in West Cork.

o Sherry FitzGerald’s Catherine O’Reilly, Wicklow real estate agent, recalls an exciting summer of bidding in Brittas Bay. In one case, four couples repeatedly outbid each other for a three-bedroom vacation home in Brittas Bay Village, a gated community near the sand dunes and beach.

https://www.independent.ie/business/personal-finance/property-mortgages/the-financial-pitfalls-of-owning-a-holiday-home-in-an-era-of-rising-prices-and-taxes-42068287.html The financial pitfalls of owning a vacation home in an age of rising prices and taxes

Fry Electronics Team

Fry Electronics.com is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@fry-electronics.com. The content will be deleted within 24 hours.

Related Articles

Back to top button