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Financial Considerations
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Excerpted from the Ireland Career Guide

Cost of Living

The good news: Consumer prices in Ireland are holding steady, showing only a modest increase in the Consumer Price Index (CPI) of 1.2 percent from a year ago. Last year prices were rising nearly twice as rapidly. Overall consumer confidence is moving higher as well, according to the most recent KBC Bank Ireland/ESRI Consumer Sentiment Index. The Index of Consumer Expectations is based on consumers’ perceptions of their future financial situation, their economic outlook for the country as a whole and employment expectations. This index increased from 48.4 to 51.2. The Index of Current Economic Conditions is based on how consumers feel about their current financial circumstance compared to 12 months ago, as well as their perception of the current buying environment for large household purchases. This index recently increased from 79.5 to 82.4.

Housing

The good news for home buyers in Ireland is that residential prices are now more affordable than they’ve been for most of the decade.With the recent decline of the euro, now just might be the ideal time for expats to buy a charming old Irish country cottage or chic Dublin city flat. For expatriates in Ireland, there are no restrictions on foreign ownership of property, although duties and fees can be steep. Buyers are advised to consult with a local attorney (solicitor) to navigate the country’s complex real estate laws.

Transportation

Roads and railways are the main means of inter-city transportation in Ireland. Inter-city bus and train services are primarily operated by state-owned Bus Éireann. Private bus companies also exist, though not on Bus Éireann’s scale. Bus service connects cities and towns within Ireland, as well as Belfast in Northern Ireland. A combined bus-ferry links with the United Kingdom. Most train routes start in Dublin and link to all major cities.

Medical Care/Health Insurance

All people who are living in Ireland and intending to stay at least one year are eligible to receive public health care services. To receive public health benefits, a qualified person must register with the local office of the Health Service Executive and provide proof (residence permit, work permit or residential lease) he or she will stay in Ireland for at least one year. Please check with the website above for current eligibility statistics and application guidelines.

This is just a short sample of what you’ll find in over 100 pages of information in the complete Ireland Guide.



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