Property tax on vacant homes to rise as much as five-fold
Move by the government could effectively hit institutional funds that are sitting on valuable empty apartments with a penalty of between €5,000 and €7,000 per unit
Empty promises: can the government finally get to grips with the problem of vacant homes?
In an upmarket Dublin suburb, a four-bed house bought by an overseas investor has been unoccupied since 2015; in the city centre, hundreds of luxury apartments owned by a US investment fund lie empty. A more radical approach to the problem is needed, experts say
Only three vacant home officers employed in the last three years
Despite €50,000 in funding and a requirement to employ such staff, hardly any local authorities have a full-time employee focused on bringing empty homes back into use