‘Carrot and stick’ scheme could release 17,000 vacant homes to market

  • 📰 IrishTimes
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 98%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

Hardware Association estimates 34,000 of Ireland’s 167,000 homes could be renovated at ‘reasonable price’

A vacant property tax of 6 per cent should be 'enacted and fully operational as a priority', the association’s research paper concluded. Photograph: Frank MillerA combination of incentives and penalties could bring a “large chunk” of the roughly 167,000 vacant properties in Ireland back into use, alleviating Ireland’s “chronic shortage of affordable homes”.

However, this number contains many dwellings that may be unoccupied for a relatively short period time and a home deemed vacant does not necessarily mean a home is available for reuse or to house other people, the Department of Finance said last month. Excluding the roughly 4,000 homes included in the Fair Deal scheme and assuming a further 25 per cent of the homes are likely to be tied up legally, the association said estimated that roughly 33,778 could be renovated at a reasonable price.If uptake in an incentive scheme was 50 per cent, it means that 16,889 homes could be released to market over the next three years, adding 5,000-6,000 to the national housing stock each year.

This could generate up to €600 million, it said, and fund an extension of the help-to-buy scheme to vacant homes that would see first-time buyers of empty properties receive a grant of up to €50,000.

 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 3. in İT

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

How a failing rental market threatens social and economic catastropheFixing the rental market requires a radical, Covid-style response from the State, experts say Radical = building accomodation. How radical; who would have thought the solution to a housing crisis was building more. Experts say.. The only thing fffgg ever did that was radical was endemic corruption. Their response in that department was stellar.
Fonte: IrishTimes - 🏆 3. / 98 Leggi di più »