budget 2024

Housing: A missed opportunity to tackle to crisis, say estate agents

Budget 2024 held no surprises when it came to housing related give-aways to the disappointment of the property sector

Agents welcomed some of the measures but overall felt more could have been done. Picture: Colin Keegan, Collins Dublin

There was widespread disappointment at what those involved in the sector regard as missed opportunities by a Budget that did not go far enough to resolve the current housing crisis.

Savills was first out of the traps to bemoan the Government’s failure to raise the Help-to-Buy scheme threshold as well as not reducing the construction Vat rate from 13.5 per cent to 9 per cent, whereby financial pressures on new developments will persist at a ...