Property industry has learned nothing from the past

Rental freeze proposals aside, the wider issue of negativity towards property developers and companies is driving often rapid policy change

15th December, 2019
Property industry has learned nothing from the past
Dublin: will a rent freeze scare away property investors? ‘There is a huge amount of money trying to get into real estate in Dublin. Investment in the buy-to-rent sector was massive in 2019 . . . They’re obviously very happy with the money to be made’ Picture: Shutterstock

The property industry must be getting the distinct feeling that the generous returns made over the last number of years have come back to haunt it. Not only has stamp duty on commercial property deals gone up twice, costing hundreds of millions of euro a year in additional tax, there is now the prospect that residential rates, the underlying source of income for many funds, could be frozen.

The government may be against the proposed...

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