Budget 2024

Developers call for second-hand house levy in budget that could add €5,000 to sales price

The Construction Industry Federation says move would spread the cost of infrastructure and reduce cost on new homes

The CIF is pushing the government to introduce a 1 per cent levy in the upcoming budget which would be used to spread the cost of transport and utility infrastructure

Developers have called for homeowners to be slapped with a new levy on the sale of second-hand houses in a move that could add more than €5,000 to the cost of a property in Dublin.

The Construction Industry Federation (CIF) is pushing the government to introduce a 1 per cent levy in the upcoming budget which would be used to spread the cost of delivering transport and utility infrastructure more evenly.

“Currently development charges, water ...