Author: splash

ESRI says rent pressure zones have been successful in limiting rent inflation

A report by the Economic and Social Research Institute has found that Rent Pressure Zones (RPZs) have been successful in limiting rent inflation. However, the report says it is not possible to completely separate the impact of broader economic conditions from rental price changes. The authors say that given the expected recovery in the Irish […]

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Demand for land led to price surge in 2021, survey finds

Demand for land around the country brought significant price increases in 2021, according to a survey by the Society of Chartered Surveyors Ireland (SCSI) and food and agri-research body Teagasc. Co Kildare retained its position as having the most expensive land in the country up from €13,600 to €15,350 per acre, while the cheapest land […]

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Govt looks to reduce VAT rate on energy to 9%

The three coalition party leaders have discussed plans to use domestic legislation to reduce the VAT rate on energy from 13.5% to 9%. The development would mean a €49 per annum reduction on the average gas bill and a cut of €61 annually on electricity prices. In a statement to RTÉ News, the Department of […]

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Rising cost of living impacting would-be home-buyers

More than half of would-be home-buyers say that the rising cost of living is having a negative impact on their plans to purchase a property. A new survey by property listing site MyHome.ie found that 52% of respondents said inflation was affecting their ability to purchase. Consumer prices rose by 6.7% in the year to […]

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Construction activity growth slows in first quarter

Growth in the Irish construction sector slowed in the first quarter of the year, according to the BNP Paribas Real Estate Ireland Construction Total Activity Index. It shows that activity, new orders and employment all rose at slower rates, while business confidence dropped sharply. It comes amid near-record increases in input costs, with more than […]

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How you can beat inflation and save money

Prices have been rising at their fastest pace in decades, but it’s not that anyone needs reminding. According to the latest figures form the CSO published this week, inflation hit a 22 year high of 6.7% in March. The ESRI and the Central Bank both expect the annual rate of price increases to peak at […]

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One third of hybrid workers struggle to disconnect

One third of hybrid workers struggle to disconnect and one quarter feel demotivated or uninspired, according to new research from Microsoft Ireland. The ‘Work Trends Index’ also reveals that almost a quarter of hybrid workers feel removed from the company culture and senior leadership. A total of 44% of workers agreed it was harder to […]

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Govt still awaiting VAT ruling from European Commission

The Government has yet to receive an indication from the European Commission that it will give Ireland and other countries flexibility to reduce VAT on energy. The Taoiseach Micheál Martin and Minister for Finance Paschal Donohoe have held discussions over recent weeks with the Commission but it is understood a reduction in VAT may not […]

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Govt still awaiting VAT ruling from European Commission

The Government has yet to receive an indication from the European Commission that it will give Ireland and other countries flexibility to reduce VAT on energy. The Taoiseach Micheál Martin and Minister for Finance Paschal Donohoe have held discussions over recent weeks with the Commission but it is understood a reduction in VAT may not […]

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Revenue to continue issuing LPT reminder letters

Revenue has said it has seen significant engagement from the property owners it contacted in relation to their overdue Local Property Tax return. Last month, Revenue confirmed that over the course of a number of weeks, it would contact property owners who had not yet filed a LPT return for the 2022 – 2025 valuation […]

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