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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.
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ESRI recomienda a Irlanda que aplique un impuesto sobre la tierra del 3% para combatir el acaparamiento de tierras y reducir los costes de vivienda.