Hibernia Reit boss says second home buyers should take tax hit

Chief executive Kevin Nowlan said that buy-to-let investors should be penalised in an effort to stop the ‘crowding out’ of first-time buyers

19th November, 2017
Kevin Nowlan, the chief executive of Hibernia Reit Picture: Fergal Phillips

The head of one of the country’s largest property companies has said that second home buyers should be hit with an extra stamp duty charge to free up housing supply.

Kevin Nowlan, the chief executive of Hibernia Reit, said that buy-to-let investors should be penalised in an effort to stop the ‘crowding out’ of first-time buyers.

“Why didn’t [Paschal Donohoe] make stamp duty 9 per cent for people buying a second...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Comment: How the FAI could have avoided the lasting damage of Videogate

Sport Paddy O'Dea 1 day ago

Latest lockdown news is deflating for everyone, but there is an end in sight

Colin Murphy: In law, we are closer to house arrest than a 5km limit

O’Brien, the reluctant media tycoon, is finally free to focus on his telecoms business