International investors have pulled out of Irish property deals because of a change in tax laws relating to property funds last year, the head of the country’s biggest property advisory firm has said.
Angus Potterton, the managing director of Savills, told The Sunday Business Post that the change, which means foreign investors face a 20 per cent withholding tax, has caused uncertainty among investors and risks damaging the country’s reputation.
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team