Irish rental stock hits record low as housing crisis deepens – ET RealEstate

DUBLIN: The number of Irish homes available to rent sunk to their lowest level on record this month, Ireland‘s largest property website said on Tuesday, as a chronic supply shortage hit rural areas harder and pushed average rents up by 5.6% year-on-year. A years-long mismatch between low supply and high demand in Ireland has been […]

Ireland to reduce maximum rent increases in designated zones – ET RealEstate

DUBLIN: Ireland will significantly reduce the maximum annual increase in residential rents allowed in designated “Rent Pressure Zones”, the government announced on Thursday in a move to tackle surging housing costs. Landlords in the designated zones, which cover many of Ireland’s urban areas under 2016 legislation, are currently limited to annual rent increases of 4%. […]

Ireland moves to stop investment funds bulk-buying homes – ET RealEstate

DUBLIN: Ireland will impose a stamp duty charge of 10% on buyers of 10 or more houses and allocate up to 50% of housing developments for owner-occupiers in a bid to discourage bulk purchases by institutional investors. There was public outcry last week after an investment firm bought most of the homes for sale in […]

Ireland looks to pubs, derelict buildings to boost remote working outside cities – ET RealEstate

DUBLIN: Ireland will turn vacant buildings in rural towns into remote working hubs and examine whether pubs could be used as workspaces during quiet afternoons in a bid to encourage more people to live outside big cities. Describing the pandemic-driven move towards remote working as a potential “game-changer” for struggling towns and villages, the government […]