Safety of house deposit?

1. My amateur opinion is that resolution of a large Irish credit institution if highly unlikely at the moment.
2. Even still, you may qualify for what is called a 'temporarily high balance' which has greater protection. From the DGS website.

Temporary High Balances
The maximum amount of compensation payable by the DGS is €100,000 per person per credit institution. In addition certain deposits, known as temporary high balances may qualify for compensation in excess of €100,000. For a deposit to qualify as a temporary high balance it must stem from at least one of the following:

• deposits resulting from real estate transactions relating to private residential properties
• ...............

Qualifying deposits are protected up to a limit of €1 million (although unlimited cover is provided for claims relating to personal injury) for a period of 6 months after the deposits have been credited to an account or from the moment when such deposits become legally transferable.

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