Commercial Property

Analysis: New tax incentives could entice investors back into Irish property market

Our addiction to housing appears to be on the wane, but measures to make buying more attractive could bring some of the €136 billion held in household savings back into the market

Large household bank deposits indicate that investors are more reluctant to spend their cash on property in recent years. Illustration: Shutterstock

Although recent reports have suggested that Irish people’s obsession with property may be waning, not all the figures are pointing in that direction.

The latest numbers on the departure of smaller investors from the buy-to-let market are one of the stronger indications of a loss of appetite for property.

A Society of Chartered Surveyors Ireland (SCSI) report showed that 40 per cent of sales instructions in the last three months of 2022 came from landlords ...