Vacant Homes

Mass sale of vacant properties on the cards as new tax looms

The platform Iamsold is advising property owners to look towards sale by auction as a faster, more secure means of offloading their properties

With a new levy on vacant homes coming in, sale by auction may appeal to many property owners

In light of the current housing crisis and the government’s recent announcement that a new tax will be levied on vacant homes, auction platform Iamsold expects many owners of vacant properties will look to sell this year.

Revenue figures suggest that there are currently 57,206 vacant homes in Ireland as of November last year. This figure does not include derelict houses that are not liable for Local Property Tax. The figure from CSO data, which ...