If you purchase a freehold property, you are buying the whole shebang. The house, it’s yours. The land it sits on, that’s also yours. Most houses in Ireland are Freehold.On the other hand, Leasehold means you only own the property and not the land it sits on. You may even find you’re subject to a rent charge owed to the landowner as well as paying your monthly mortgage repayments. Most apartments in Ireland are Leasehold.