Property News

Property News
Which is fair: Stamp Duty or Property Tax?

Which is fair: Stamp Duty or Property Tax?

Which is fair: Stamp Duty or Property tax?

The Commission on Taxation report recommended moving away from our reliance on transaction taxes such as stamp duty and to introduce a Property Tax which would provide a more stable stream of revenue.

New homeowners would be exempt from paying the property tax for a 7 year period from the year they paid (probably a hefty) stamp duty – …

Property News
Carbon Tax: To be or not to be introduced?

Carbon Tax: To be or not to be introduced?

Carbon Tax

The report on taxation is due out this month and while it looks like there is a strong possibility that the introduction of a property tax and water charges maybe postponed for a later date, a carbon tax is still on the table. So why introduce a carbon tax and how much will we have to pay?

There are a few reasons as to why …

Property News
Record number of homes repossessed: Could you be next?

Record number of homes repossessed: Could you be next?

Repossession: Could you be next?

The Irish Banking Federation (IBF) has estimated that there are approximately 14,000 people in Ireland with mortgages in arrears. So it’s not surprising to hear that with the recession in full swing and money fairly sparse that around 225 orders for property repossessions were made by the circuit courts last year. The outstanding credit to private households reached a colossal €171.7 billion …

Property News
Proposed Residential Property Tax For All

Proposed Residential Property Tax For All

Residential Property Tax Proposed

So, the Government have just introduced a €200 property tax for owners of second homes, which might I remind you has been effective since the 31st of July, but now the Government are seriously exploring the idea of introducing a Residential Property Tax for all! That’s right, you heard me, anyone who owns a home, regardless if it’s your first, second, third …

Property News
New properties in Cavan selling for €100,000!

New properties in Cavan selling for €100,000!

Semi detached properties of the Ardkill Place development in Co. Cavan

A new housing development, Ardkill Place located in Ballinagh, Co. Cavan are being sold from as low as €100,000! The development of 35 properties were built by Leatime Construction but the company went into receivership late last year.

A fully fitted five bed property at Ardkill place would set you back €185,000! If a five bed …

Property News
Global Property Report: Top 5 Property Markets

Global Property Report: Top 5 Property Markets

Zurich

The latest Global Property report shows just five countries that have experienced a better property market in Q1 of 2009. So who are the lucky 5 and why? Switzerland, Austria, Germany, Canada, Portugal.

Property prices in Switzerland rose by 5.9 per cent for the year to the end of the first quarter of 2009. Some reasons as to why the Swiss property market is faring better …

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