Galway conference looks at property rental market

A public conference will be held in Galway City next Thursday to discuss the property rental market, as well as self-administered pensions.

O’Donnellan & Joyce Auctioneers and Grant Thornton will hold the meeting on March 15 in the Harbour Hotel at 6.30pm.

Keynote speaker Ronan Lyons, an economist with Trinity College, will discuss the current housing market and the trends he is seeing and his outlook for the property market.

Diarmaid O’Sullivan, Regional Service Manager with housing charity Threshold, will discuss the requirement and barriers for investors to enter into the private residential market and the demand for housing.

Aengus Burns, Financial Services Advisor with Grant Thornton, will discuss the tax efficient ways of investing in property via self-administered pension funds, trusteeship, scheme approval and compliance and the role Grant Thornton plays in this, while mortgage intermediary Pat Fleming will discuss the availability of finance to investors.

Alan McKenna will discuss the services O’Donnellan & Joyce auctioneers offer in relation to sourcing and disposal of suitable investment properties for self-administered pension funds along with the requirement to appoint a licensed property manager for scheme compliance.

Self-administered pension funds allow employers and employees alike to invest in their own future with limited risk.  Investors can choose any commercial or residential property to buy. Where available, borrowing can be utilised to assist in funding the purchase.

All of the costs including solicitors, auctioneers, stamp duty, property tax, maintenance and management charges can be paid from the fund. All the rental income accumulates tax free within the self-administered pension.

For more, read this week’s Connacht Tribune.