With all the hype in the recent budget one would think that property owners were being incentivised to invest in property when in actuality the exact opposite is the case.
Landlords are being hit with the NPPR €200, household charge €100, interest reduction to 75%, universal social charge and social welfare rents being reduced. How do all those charges encourage investors?
In addition in order to purchase some banks will only give 50% loan to value, others max 75% and they won't advance any monies on apartments outside the large cities and for other types it is exceedingly difficult to get any money.
Going foward what will this mean for the property market?
Landlords are being hit with the NPPR €200, household charge €100, interest reduction to 75%, universal social charge and social welfare rents being reduced. How do all those charges encourage investors?
In addition in order to purchase some banks will only give 50% loan to value, others max 75% and they won't advance any monies on apartments outside the large cities and for other types it is exceedingly difficult to get any money.
Going foward what will this mean for the property market?