'Empty-nesters' tax breaks 'would free-up family homes'

'Empty-nesters' tax breaks 'would free-up family homes'

There are calls for a tax incentive scheme to encourage so-called "empty-nesters" to trade down and free up much-needed family homes in Dublin.

The latest housing market monitor from the Irish Banking Federation reveals an increase in activity across the property market.

Despite this, it has stopped short of saying we are in full recovery mode.

It is also playing down talk of a property bubble in Dublin.

"The headline rate suggests there has been a very sharp increase in price sin Dublin - that is off a very low base," said Investec chief economist is Philip O'Sullivan.

"There is a very low volume of transactions, with many transactions - up to 40% - involving executor sales.

"So we think that that's going to unwind over the coming quarters.

"So we would see the Dublin rate of inflation to start moderating from here."

More in this Section

Expansion costs hit profits at three time Oscar-nominated Cartoon Saloon animation studiosExpansion costs hit profits at three time Oscar-nominated Cartoon Saloon animation studios

Tariff and quota-free trade between Ireland and Britain must remain – VaradkarTariff and quota-free trade between Ireland and Britain must remain – Varadkar

BT shares plunge after Labour’s free broadband promiseBT shares plunge after Labour’s free broadband promise

Oscar-winning visual effects firm pulls London listing over market uncertaintyOscar-winning visual effects firm pulls London listing over market uncertainty


Lifestyle

A new initiative honours teachers who have inspired their pupils, says Rowena Walsh.Why inspirational teachers stay with you for life

IT’S that time of year again as artists, canvases in tow, start to crisscross county borders across Munster and beyond.Art events to put Christmas gift-hunting in the frame

Hannah Stephenson reveals the benefits of swapping garden walls and fences for hedges.Pushing the boundaries with hedges over garden walls

Hannah Stephenson shows you how to create an advent calendar to complete your gardening to-do list.It’s countdown time to Christmas

More From The Irish Examiner