ESRI recommends Ireland implement a 3% land tax to combat land hoarding and reduce housing costs.

The Economic and Social Research Institute (ESRI) urges the Irish government to promptly implement a residential zoned land tax, designed to combat land hoarding and reduce housing costs, as it represents 15-20% of home prices. The proposed 3% tax targets land with essential services. ESRI warns against excessive spending in the budget and suggests a neutral tax approach, while forecasting steady economic growth and strong employment in the coming years.

September 26, 2024
7 Articles