Ireland will pay $92,000 to buy homes on islands

Our Living Islands program in Ireland

The Irish government is paying up to $92,000 to people who buy homes on remote islands. To boost the population of 30 islands in the Atlantic Ocean, the Irish government is offering this grant. The amount is around €84,000 or $92,000 to homebuyers who move there!

Our Living Islands program by the Irish government

The Irish government released the plan earlier this month. They stated that 30 islands off the coast have permanent year-round residents who face daily isolation due to tidal cut-offs. Furthermore, these islands lack connections to the mainland through bridges or causeways. According to the report, some of the islands have as few as two year-round residents.

Our Living Islands program in Ireland

The population of these islands has declined over the past two decades. At the moment, with fewer than 3,000 people now spread across these islands. However, they remain an important tourism destination, attracting more than 300,000 tourists each year.

Why Irish government doing this?

The plan documented that maintaining the population levels of island communities is an ongoing concern. That’s why the government is trying to increase island communities both nationally and internationally.

Ireland will pay $92,000 to buy homes on islands

Many young adults leave the islands to pursue further education or employment opportunities elsewhere, which leads to an older age profile in island communities.

There are plenty of stories from people who bought a 1 euro home. People faced the difficulties and high costs of renovating them. This plan appears to be similar to Italy’s plan to sell homes for 1 euro as a way to draw new residents.

Our Living Islands Program Application Form

The Our Living Islands Program Application Form is a required document to apply for grants under the program. This form will collect essential information from applicants, such as personal details, property ownership status, and project proposals.

It provides a structured format for individuals to present their eligibility and outline. Also how they plan to contribute to the sustainable development and preservation of Ireland’s islands. By completing and submitting this form, applicants have the opportunity to showcase their commitment. And the vision for enhancing the islands’ cultural heritage, biodiversity, and community well-being at the same time.

You can download the form by clicking the download button below.

The Irish Grants: what you need to Know

People can get up to almost $92,000 or around €84,000. It’s for renovating a “derelict building” on one of the islands, or almost $67,000 (€60,000) for renovating a vacant house.

Renovations of vacant properties were previously eligible for a $55,000 grant under the Vacant Property Refurbishment Grant.

According to the government’s website, more generous funding for renovations on the islands is not yet available as part of its 10-year plan to draw more people to relocate there.

What is the location of the islands?

The islands are maximum in the remote area. Toraigh Island is the most remote. And maximum islands is on the west coast of Ireland in the Atlantic Ocean. These are:

  • Bere
  • Clare Island
  • Coney Island
  • Dursey
  • Inishbofin
  • Inishturk
  • Inis Mór
  • Inis Meáin
  • Inis Oírr
  • The Aran Islands
  • Toraigh

Actually, there are three Aran Islands: Inis Mór, Inis Meáin and Inis Orr.

Our Living Islands program by the Irish government FAQs

What are the eligibility requirements for funding?

In order to qualify for funding, individuals must meet a number of criteria as outlined by the government. These include:

  1. It must have been vacant for at least two years and built before 1993
  2. To qualify, individuals must own the property or be in the process of purchasing it
  3. When the work is complete, you must live in the home or rent it out
  4. It is not possible to be a registered company or developer
  5. Taxes must also be paid

What is the application process for funding?

In order to apply, you must fill out an application form and submit it to your local city or county council. Among other things, you need to provide proof that you own the property and that it has been vacant for at least two years.

Is it possible for foreigners to buy properties in Ireland?

Purchasing properties in Ireland does not require residency, according to the government.

However, buying a property doesn’t automatically give you the right to reside in Ireland, a fact that might complicate plans for Americans to apply for the $92,000 refurbishment grant. But those wishing to invest in Ireland or start a business there can also apply for residency permits.

How can I use the funding?

To utilize the funds, individuals must demolish and renovate the property, which includes tasks like replacing roofs, conducting structural repairs, and repainting.

Final thoughts about the Our Living Islands program

In conclusion, Ireland’s decision to offer $92,000 to buy homes on its islands is an innovative and bold step toward revitalizing these remote communities. By providing financial incentives, the government aims to attract new residents, boost the local economy, and preserve the unique cultural and natural heritage of the islands.

This initiative not only offers individuals an opportunity to own a property in breathtaking surroundings but also supports sustainable development and ensures the long-term viability of these island communities. With this forward-thinking approach, Ireland is not only investing in its islands but also showcasing its commitment to preserving its rich history and creating vibrant, thriving communities for the future.

11 thoughts on “Ireland will pay $92,000 to buy homes on islands

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