Fairness key to a property tax based on market value

Recent reports suggest that the ‘full’ property tax to be levied on homeowners will be based on market value and will not, as recommended by the Commission on Taxation, be based on site value. A property tax based on a ‘market value’ methodology needs to be examined with care as it could have significant implications…

Building Costs continue to rise slowly in first half of 2012

New figures from the Society of Chartered Surveyors Ireland (SCSI) show that building costs increased slightly in the first half of 2012, continuing a trend of moderate price increases over the past 12 months. The Society of Chartered Surveyors Ireland Tender Price Index, which has been running since 1998 and is the only independent assessment…

Will Dublin’s Docklands lead the Irish revival?

Hopes for a visible sign of recovery in the Irish property market were postponed for at least another quarter in Q2, as still weak demand from tenants for space led to a further 1.8 per cent fall in property values across Ireland. This comes despite growing optimism regarding the country from local and international investors…