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Selling affordable council house?

  • 24-04-2017 12:36pm
    #1
    sandy1000
    Registered Users, Registered Users 2 Posts: 3 ✭


    Hi has anyone sold there affordable home purchased from the council. Do these houses need to be sold to someone who is going to live in them or can an investor buy one? Any feedback would be appreciated.


Comments

  • #2
    biko
    Registered Users, Registered Users 2 Posts: 81,220 ✭✭✭✭biko


    From Galway city


  • #3
    Samuel T. Cogley
    Registered Users, Registered Users 2 Posts: 10,684 ✭✭✭✭Samuel T. Cogley


    AFAIK anything with council ground rent has to be owner occupied at least to start with. This is only from my purchase which was an add on to the end of the row but still on the council ground rent (Dublin).

    YMMV


  • #4
    hellyeah
    Registered Users, Registered Users 2 Posts: 463 ✭✭hellyeah


    I sold my apartment back in 2014 which was purchased under the affordable scheme.
    I sold mine to a cash buyer / investor who rented it out. Had no problems with the council, just sold it for the purchase price to avoid any clawback.


  • #5
    sandy1000
    Registered Users, Registered Users 2 Posts: 3 ✭sandy1000


    Thanks for reply ,was it galway city council as I've heard there are different rules depending on which council you purchased property with.


  • #6
    hellyeah
    Registered Users, Registered Users 2 Posts: 463 ✭✭hellyeah


    sorry for late reply. Was wicklow with me. Council were very easy to deal with. Any more questions send us a pm.
    cheers.


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