“While the Government’s commitment to provide tax breaks for small landlords in Budget 2024 are welcome, it is not sufficient,” Sherry FitzGerald’s managing director Marian Finnegan said.
Sherry FitzGerald’s price gauge is based on valuations rather than asking prices or actual transation prices.Listen |It indicated the value of second-hand homes in Dublin rose by 0.6 per cent in the quarter and by 2.9 per cent on an annual basis. The rate of price inflation outside of the capital remains higher, recording growth of 1 per cent in quarter and 4.5 per cent over a 12-month period.
“The analysis of the first quarter reveals a return to a more normalised level of price inflation in the residential market, following two years of heightened inflation in the post covid period,” Ms Finnegan said.The company’s report contains a review of transaction activity last year, which notes that housing sales exceeded their pre-pandemic levels.
Activity in the second-hand market was described as “brisk”, with approximately 49,700 units sold. This represents an increase of 5.8 per cent on 2021 and 8.4 per cent on 2019, it said.
Extending the eviction ban would have helped this!!!
Ouch
50% tax, and potential for tenants to overhold, who wants to put up with that!
Sell to a first time buyer and leave the market.
Who would want to be a landlord? Who