Too difficult for first time buyers to get on housing market
A Sligo Councillor says it’s too difficult for young and first time buyers to get on the housing market in the county. Fianna Fail Councillor, Donal Gilroy says there haven’t been enough new houses built in recent years fearing it’s ‘only going to get worse’. He says there has only…
Cuckoo Funds investors that rent to Councils will be exempt from new stamp duty charge
The new 10% stamp duty won’t apply to so-called cuckoo funds who rent the homes to councils. It’s after the government’s proposal was passed in a Dáil vote last night. The new tax was introduced in May due to concerns about institutional investors’ bulk-buying homes, at the expense of…
Doherty seeks a level playing field for first time buyers
A Donegal TD is calling for a ban on the block purchase of residential properties by international investment funds. Sinn Fein will bring a motion before the Dáil this week which will also demand funds pay ‘appropriate’ levels of tax. It comes as some affordable housing bodies…
First time buyers are being abandoned by the government – Scanlon
First time buyers in the north west are being abandoned by the government. That’s according to local Fianna Fail TD, Eamon Scanlon, who says people are paying more in long term rent than they would be for a mortgage. Fianna Fail have put forward legislation that hopes to address a…
Donegal TD accuses government of misleading Dail
The government’s been accused of misleading the Dáil over its controversial scheme for first-time buyers. The claim comes from Sinn Féin’s Pearse Doherty – who is querying the role of the Central Bank in how the scheme was designed. Michael Noonan told the Dáil on Budget Day, that he had…