According to a report, the Irish central bank’s predicted growth of 15.3% this year is linked to the unwinding of €16 billion in excess savings built up during the pandemic, though according to published figures Ireland’s international debt was €237.5 billion at the end of August. Reportedly, Ireland has experienced the highest increase in debt per capita this year, up 9% on 2020.
According to a report, house prices are up 99% since 2013 which is driving people into homelessness. A 10% stamp duty was introduced for the purchase of ten or more residential units over a twelve month period to discourage investment funds from buying up housing estates.
Another incentive, derelict property tax will be discontinued from 1 November.