Landlords paid tax on 59% of rental income in 2016

Posted on 17 October 2018

Residential landlords paid tax on just 59 per cent of their rental income in 2016, claiming total deductions of some €1 billion, according to new figures. This is the first time the Revenue Commissioners have been able to provide such a breakdown on rental income. The figures come as Budget 2019 fast-tracked a relief for […]

Revealed: Fast-track plan for thousands of new homes in tatters

Posted on 2 October 2018

A much-hyped fast-track housing plan to deliver thousands of new homes for families will be gathering dust for at least three years before anything is done. The city scheme was announced by Government more than two years ago, but its promise of a quick supply of new homes is in tatters. Plans to develop 3,500 […]

Couples earning up to €90,000 may avail of new affordable housing scheme after Budget

Posted on 25 September 2018

House-hunting couples who earn up to €90,000 a year may be able to avail of a new affordable housing scheme after the Budget. Fianna Fáil is demanding the introduction of an affordable housing scheme which will see homeowners enter into a shared-ownership arrangement with local authorities. The scheme, which is central to Budget negotiations, will […]

House price rises now at lowest level in 15 months

Posted on 18 September 2018

The rate at which property prices are increasing continues to ease off. This is being put down to buyers reaching the limit of what they can borrow due to Central Bank lending restrictions. Figures from the Central Statistics Office (CSO) show residential property prices at national level increased by 10.4pc in the year to July. […]

Irish house prices are heading for ‘soft landing’ – S&P

Posted on 13 September 2018

But ‘strong growth’ is still predicted until supply catches up with demand around 2021 ratings agency says Irish house prices, along with housing markets elsewhere in Europe, are heading for a “soft landing” ratings agency S&P said on Monday. But a soft landing in an Irish context still means another three years of strong growth […]

Property price peak in Ireland is in sight – experts

Posted on 28 August 2018

The pace of the surging property market will ease off as prices have now hit the very outer limits that families can pay, experts predict. Buyers are now being restricted in what they can bid due to Central Bank lending limits – while prices have risen so much they are now increasingly beyond reach. The […]

Housing undersupply to have ‘severe’ long-term consequences

Posted on 25 July 2018

The housing crisis, if left unresolved, will have severe macroeconomic consequences in a number of fields over the longer term, the Parliamentary Budget Office (PBO) has warned. The PBO was established last year in response to an OECD report suggesting budget scrutiny here was underdeveloped with the Cabinet exercising too much control. In its latest […]

Expert warns of another boom and bust in Irish house prices

Posted on 25 June 2018

ESRI research suggests State has most volatile property market in the world The current boom in property prices could trigger another housing bubble, even though it is not being fuelled by a boom in credit, a leading housing expert has warned. University College Dublin academic Michelle Norris said a feature of the current market had […]