Tuesday February 25, 2020

Beleaguered property sector fails to benefit from budget

There were welcome announcements for the property sector, but no radical measures to tackle the housing shortage

18th October, 2015
Michael Noonan announced NAMA are to supply 20,000 housing units over the next four years

What a week that wasn’t for the beleaguered property sector in terms of Budget 2016 with its screeching omission of any viable tax measures to alleviate housing supply issues.

Where were the tax breaks for landlords? Vacant and derelict site tax measures? Grants for builders to ease the high construction costs?

It is understandable that Minister for Finance Michael Noonan is unwilling to rush through interventions that could further fracture a decimated sector, but...

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