Property tax to rise as price cuts hit €1m homes

According to a recent report, Property tax is to increase from next year, with Dublin homeowners continuing to pay vastly more than those in rural Ireland despite government commitments to dramatically overhaul the system. The disclosure comes amid an apparent slowdown in the asking prices for luxury properties in Dublin valued at more than €1m. […]

HOME MORTGAGE DEBT OUTSTANDING LEGACY OF IRELAND’S FINANCIAL CRISIS

A property report states While Ireland’s economy has recovered, clocking the fastest growth in Europe for four straight years, a push to purge the soured loans has stalled – a legacy, critics say, of forced evictions of peasants by absentee landlords in the 19th century that sowed a national aversion to repossession. Shane O’Sullivan, director […]

OECD raises possibility of ‘another property bubble’ as it warns of overheating in Irish economy

According to a property report, SIGNS of overheating have started to be seen in the Irish economy, the Organisation for Economic Cooperation and Development has warned – and Brexit remains the biggest risk. In its latest biannual economic outlook, the Paris-based agency pointed out that new mortgage lending and loans to small businesses have risen […]