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Trumpugees moving to Ireland cite housing crisis and expenses as major drawbacks

Trumpugees moving to Ireland cite housing crisis and expenses as major drawbacks

Rising numbers of Trumpugees are exploring relocation to Ireland but they are finding the country's welcoming reputation doesn't extend to its immigration laws.
While English-speaking countries likte Ireland, the UK and Canada top the list for prospective American emigrants, countries such as the Netherlands, Germany and Portugal offer far less restrictive entry pathways.
So far this year, the number of US applicants for Foreign Birth Registrations – a pathway to Irish citizenship for those with Irish grandparents – has nearly doubled compared to the same period last year.
By the end of May, more than 8,000 Americans had applied under the so-called 'granny rule,' hoping to secure the coveted Irish passport.
Jana Sanchez, a former US congressional nominee and founder of GTFO Tours, says Ireland consistently ranks high on the wish list of Americans considering emigration.
'The first countries that most Americans would think of to move to are English-speaking countries, like Canada, the UK, Ireland.'
But she added: 'They don't really want Americans. You're the hardest countries to go to, unless you're a nurse or a scientist.'
A key obstacle is Ireland's high passive income visa requirement, which she says is used by about half of American emigrants.
'They are retirees or have made enough money. For a couple, you need €100,000 a year in passive income to get a visa,' Sanchez explained. 'Compare that to Portugal, where it's about €10,000 per person – around €15,000 for a couple.'
'Ireland also has a huge housing crisis, and it's just much more expensive.'
Rosie O'Donnell – currently in the process of acquiring Irish citizenship through her Irish grandparents – credited her decision to Trump's second inauguration.
Sanchez said many of her clients are from vulnerable communities.
'A huge number of LGBTQ, especially trans people, are really scared,' she says.
'In Texas, they're debating whether to make being trans a felony punishable by two years in prison and a $10,000 fine.'
Miglena Ilieva, managing partner at ILEX Law Group, which specialises in Irish and UK immigration law, is advising a retired academic couple from Illinois hoping to relocate to Ireland.
They are currently based in Portugal while they work on qualifying for Ireland's Stamp 0 visa for people with independent means.
'They're both at a university in Illinois and were looking for a way to retire in Ireland. They want to come to Ireland because it's so culturally similar to what they're used to, and they can navigate it.
'They're in Portugal right now, and they're having a nightmare with the language. They don't want to be there, they want to be in Ireland.'
The couple is a few thousand euros a year short of the income requirement, but they are exploring investment options to close the gap.
They remain positive despite housing and cost-of-living challenges, describing Ireland as 'friendly, vibrant and gorgeous'.
Ilieva says there is growing interest from Americans, with dozens of recent inquiries but while many Americans have Irish ancestry, most don't qualify for citizenship.
Other options include a working visa which requires a job offer.
In recent weeks, the Irish Government has acknowledged the potential to attract top US researchers with its Global Talent Initiative.
Minister James Lawless said Ireland would remain open to 'the best and brightest fleeing the US university system'.
'We are committed to supporting Irish researchers at home and to welcoming exceptional global talent who might now be questioning where they can further their work,' he said.
He pledged €9 million in annual support for researchers in key fields like AI, semiconductors, digital healthcare, and food security.
The UK already operates a Global Talent Visa that allows researchers and academics to move without a job offer, provided they are endorsed by an approved body.
Ilieva believes something similar could help Ireland attract top global talent.
Amanda Klekowski von Koppenfels, a US-born migration expert and academic coach who studied at Georgetown and Harvard, says Ireland isn't widely known in the US as an academic haven – yet.
In her role as a coach to people in career transition or who wish to move out of the US, she sees 'huge interest in Ireland'. She added: 'It's English speaking. It's part of the EU. A number of people are actively trying to apply for jobs and in order to get an employer-sponsored visa.
'What I'm finding, though, is that not everybody has a really strong knowledge of what even visas are, what the European Union is.
'It's not something they've ever had to think about before.'
Klekowski von Koppenfels has worked with everyone from climate scientists to psychotherapists and journalists considering a move to Ireland. Often, they're professionals seeking a less stressful life. She said: 'Ireland is progressive, and since we have so many Irish in the United States, it's a bit of a known quantity.'
In terms of people considering Ireland, it is in the 'dozens ' or 'possibly in the hundreds|', and from areas such as the east coast to Ohio.
She estimates 1% to 2% of Americans – potentially 3 to 6 million people – are seriously considering leaving the US.
'Certainly, people are applying for Irish passports and getting those recognised. It's something I do hear quite a lot of.'

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Cork Airport announces new route to a jewel of the southern Turkish coast from next summer
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  • Irish Independent

Cork Airport announces new route to a jewel of the southern Turkish coast from next summer

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Why interest rate cuts are good news for Irish homeowners - but likely no help for buyers
Why interest rate cuts are good news for Irish homeowners - but likely no help for buyers

The Journal

time2 hours ago

  • The Journal

Why interest rate cuts are good news for Irish homeowners - but likely no help for buyers

BOY OH BOY, money's getting cheaper again! Well, borrowing it anyway. Earlier this week, the European Central Bank (ECB) cut its key interest rate by a quarter of a percentage point to 2%. As explained previously , the ECB rate is the interest banks receive for depositing money with the central bank. The important bit here is that when rates are increased, borrowing money becomes more expensive. This dampens consumer demand and reduces price inflation – that's why the ECB sharply increased rates in 2022. Now, the ECB wants to boost European spending. By cutting the rate, the ECB wants banks to lend more to consumers, fuelling economic activity. Like with every economic decision, there are winners and losers. Impact on owners and buyers In an Irish context, both mortgage holders and first time buyers have been portrayed as winners. The logic is that for people who already have a mortgage, they can get a better deal if they're refinancing (or among the group still on tracker mortgages ). And for first time buyers, the cut means their monthly repayment costs will be lower. Theoretically, this will allow them to get a bigger mortgage. Banks and mortgage brokers – anyone with an interest in selling mortgage loans, really – will say this 'increases borrowing power' and is a good thing for prospective buyers. But is this actually true? Well, at the risk of ruining the suspense too soon – probably not. The logic of the benefit holds true for existing mortgage holders. Those on fixed rates coming to the end of their term should be able to get a better deal. Others can shop around. Trackers obviously immediately benefit, as should variable holders. But it's not as simple for house buyers. Are there any benefits for buyers? You see, on paper, lowering mortgage rates for house buyers sounds great. Say you, our imaginary first time buyer, want to get a house that costs €350,000. You have a 10% deposit of €35,000, so you want to borrow €315,000. Let's say the term is a pretty standard 25 years. If your mortgage loan has a rate of 3.75%, which is around average in Ireland right now, you pay €1,620 per month. If the loan rate is lowered by just 0.25% to 3.5%, the monthly repayment is €1,577. A difference of €43 a month isn't exactly earth-shattering stuff. But over the course of a 25 year mortgage, it means you'd save about €13,000 – not bad. So maybe with a 3.5% rate, our imaginary buyer now feels they can stretch their budget a little more when they're house hunting. Maybe instead of paying €350,000, they're happy to go up to €360,000. Honestly, the effect of a single 0.25% rate cut is negligible. But it's not just this one – the ECB has slashed its main interest rate from 4% to 2% over the course of just a year. Going back to our hypothetical house hunter. The difference between 4% and 2% is over €300 per month – or about €100,000 over the lifetime of the mortgage. Of course, Irish banks were hesitant to increase mortgage costs in the face of ECB rate hikes, and will likely be slow again to lower them. But again, the cumulative impact is – borrowing costs are lower. So house hunters can afford to get a slightly better property, right? Advertisement Well, until we, of course, factor in that the rate cut applies to everyone . So all prospective housebuyers get pretty much the exact same boost in buying power. Will Lower Rates Solve the Housing Crisis? And, as you might have heard once or twice, Ireland has a shortage of new homes. We apparently should be building over 50,000 a year to meet demand. Completions came in at 30,000 in 2024, which was actually down slightly on 2023. House price inflation has also been on a steady upward march, rising by 7.5% in the 12 months to May . So with supply tight and the market already pretty hot, what will happen when you give all would-be house buyers the ability to borrow more money? Well, there's a decent chance prices will rise. That was the finding of a study published a few years ago looking at Australia's housing market, which is often compared to Ireland's. It found the reduction in interest rates after the financial crisis in 2008 'accounted for most of the subsequent boom in dwelling prices'. A 1% reduction in interest rates was estimated to be linked to a 2% property price rise over the next two years. A separate Australian study found the inflationary impact of interest rates tended to be even greater in areas where housing supply was tight. It suggested that lower interest rates 'increase housing wealth inequality, while higher rates do the opposite'. Although, it added the effects 'appear to be temporary'. This ties in with research previously carried out in Ireland by the Economic and Social Research Institute . It found that the real impact of interest rate is more on buyer behaviour. As rates start to come down, people expect they'll come down more. This makes buyers more confident, so they're more likely to spend money. The effect is similar either way. Lower rates = high prices. This largely cancels out the benefit of 'increased borrowing power' for buyers. Two other points worth noting quickly. One, the reverse of this is meant to be true. i.e, raising interest rates should lower house prices. The ECB hiked interest rates quickly between late 2022 and 2023. And while Irish house price inflation did significantly slow during that period, prices still rose , albeit at 'only' 2 – 4% for much of the year. Property price inflation then exploded in 2024, when consumers were told the rate hikes were over, and borrowing costs would eventually come down. The Central Bank also loosened Irish mortgage rules around this time . Again, this improved 'buyer affordability'. But when prices then surged by over 10% the following year, were buyers really any better off? The second point (and also the last one in this article). Lowering interest rates mean borrowers can saddle up with bigger debts. But Ireland doesn't do long term fixed rates. Mortgage rates are normally agreed for a maximum of five years, before home owners then have to renegotiate. But while interest rates change, how much you borrowed doesn't. Essentially – if you take on a mortgage of €325,000 instead of €315,000 at a 3.5% rate, you've stuck with that extra €10,000. When you have to refinance, that 3.5% rate could be 4%. But that extra €10,000 is still there. Of course, this can work the other way – interest rates can come down. But the ECB's current 2% rate is already pretty normal by historical standards . The only reason it was lowered below that in the first place was due to a generational recession after the 2008 financial crisis. Barring another one of those, chances are borrowing costs are more likely to rise than fall. What does all of this mean? Basically – don't believe the hype. Lower rates are good news for existing mortgage holders. But for prospective buyers currently house hunting – their 'increased borrowing power' will likely be cancelled out by further price rises. For them, the overall impact will probably be neutral at best. Readers like you are keeping these stories free for everyone... A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation. Learn More Support The Journal

National Guard deployed as Los Angeles protests against ICE agents continue
National Guard deployed as Los Angeles protests against ICE agents continue

Irish Examiner

time2 hours ago

  • Irish Examiner

National Guard deployed as Los Angeles protests against ICE agents continue

US President Donald Trump's administration said it would deploy 2,000 National Guard troops on Saturday as federal agents in Los Angeles faced off against a few hundred demonstrators during a second day of protests following immigration raids. US Defence Secretary Pete Hegseth warned that the Pentagon was prepared to mobilise active-duty troops "if violence continues" in Los Angeles, saying the Marines at nearby Camp Pendleton were "on high alert." Federal security agents on Saturday confronted protesters in the Paramount area in southeast Los Angeles, where some demonstrators displayed Mexican flags. A second protest in downtown Los Angeles on Saturday night attracted some 60 people, who chanted slogans including "ICE out of L.A.!" Trump signed a presidential memorandum to deploy the National Guard troops to "address the lawlessness that has been allowed to fester," the White House said in a statement. Trump's border czar, Tom Homan, told Fox News that the National Guard would be deployed in Los Angeles on Saturday. California Governor Gavin Newsom called the decision "purposefully inflammatory." He posted on X that Trump was deploying the National Guard "not because there is a shortage of law enforcement, but because they want a spectacle," adding: "Don't give them one. Never use violence. Speak out peacefully." Newsom said it was "deranged behavior" for Hegseth to be "threatening to deploy active-duty Marines on American soil against its own citizens." Trump posted on his Truth Social platform that if Newsom and Los Angeles Mayor Karen Bass can't do their jobs, "then the Federal Government will step in and solve the problem, RIOTS & LOOTERS, the way it should be solved!!!" The protests pit Democratic-run Los Angeles, where census data suggests a significant portion of the population is Hispanic and foreign-born, against Trump's Republican White House, which has made cracking down on immigration a hallmark of his second term. Protesters throw objects as law enforcement drive a van past during a protest in the Paramount section of Los Angeles, Saturday, June 7, 2025, after federal immigration authorities conducted operations. Picture: AP Photo/Eric Thayer 'VIOLENT INSURRECTION' "Insurrectionists carrying foreign flags are attacking immigration enforcement officers, while one half of America's political leadership has decided that border enforcement is evil," Vice President JD Vance posted on X late on Saturday. Senior White House aide Stephen Miller, an immigration hardliner, described the protests as a "violent insurrection." The administration has not invoked the Insurrection Act, two US officials told Reuters on condition of anonymity. 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Picture: AP Photo/Eric Thayer TRUMP'S IMMIGRATION CRACKDOWN Trump has pledged to deport record numbers of people in the country illegally and lock down the US-Mexico border, with the White House setting a goal for ICE to arrest at least 3,000 migrants per day. But the sweeping immigration crackdown has also caught up people legally residing in the country, including some with permanent residence, and has led to legal challenges. ICE, the Department of Homeland Security, and the Los Angeles Police Department did not respond to requests for comment on the protests or whether there had been any immigration raids on Saturday. Television news footage on Friday showed unmarked vehicles resembling military transport and vans loaded with uniformed federal agents streaming through Los Angeles streets as part of the immigration enforcement operation. Raids occurred around Home Depot stores, where street vendors and day labourers were picked up, as well as at a garment factory and a warehouse, Salas of Chirla said. Bass, the mayor of Los Angeles, condemned the immigration raids. "I am deeply angered by what has taken place," Bass said in a statement. "These tactics sow terror in our communities and disrupt basic principles of safety in our city. We will not stand for this." -Reuters Read More Trump says he has no plans to speak to Musk as feud persists

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