Lower property tax for homes of rich: minister

A Government Minister wants lower property tax rates for those in affluent areas. The Local Property Tax (LPT) was based on valuations of house prices after the economic slump. Those valuations expire later this year and the property market recovery could leave families facing €500 tax hikes. Culture Minister Josepha Madigan, a rising star within […]

FOLLOW CONTACT Business Property & Mortgages Friday 11 January 2019 Families face property tax hikes of up to €500 after house price surge

According to a report today Thousands of homeowners face a massive hike in their property tax bills unless sweeping changes to the unpopular levy are made. Some families could be hit with annual hikes of almost €500 because property prices have soared since the tax – based on the market value of the home – […]

Insolvencies for builders up 50pc despite housing crisis

A recent report states the number of builders going insolvent increased by almost 50pc last year, in the midst of a housing crisis where building services are sorely needed. New figures compiled by Deloitte show 158 construction firms went into insolvency last year, compared to 108 in 2017. Builders taking on contracts with fixed prices […]