OECD Report: Call for higher tax rate on vacant city properties

The Government should consider introducing a higher property tax rate on properties left vacant in city areas and also ease off on self-certification of developments.

The OECD survey also recommends a land tax levied on site value.

The report outlined the fall in housing supply between 2006 and 2013 and referred to the recovery in supply in recent years as “tepid”. With underlying housing demand outpacing supply, it has resulted in rising rents and housing prices, particularly in Dublin.