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Latest Ireland - Property News

Ireland—Housing Minister extends First Home Scheme to 2027 with €30m boost

The Department of Housing, Local Government and Heritage announced on 13 May 2025 a two-year extension of the First Home Scheme to June 2027, alongside €30m in additional funding. The shared equity scheme's total state funding now reaches €370m, matched by participating banks for a total of €740m. The scheme, which aids first-time buyers and eligible homebuyers bridge deposit-mortgage gaps, saw 858 applications in Q1 2025, up 49% from Q4 2024, with 6,700 buyers approved since its 2022 launch.

Ireland—Department of Finance releases April 2025 housing update

The Department of Finance published its Monthly Housing Update for April 2025 on 8 May 2025. The report, which forms part of the Department's regular housing market monitoring programme, provides updated statistics and analysis on Ireland's housing sector. The specific contents and findings of the April update are contained within the accompanying PDF document.

The UK’s approach to modern slavery

Risk & Compliance analysis: When the UK’s Modern Slavery Act 2015 (MSA 2015) passed into law it was viewed as a world-leading piece of legislation. That the UK is now looking to bring in bigger penalties for non-compliance with it is a clear sign that the world has moved on since the Act’s introduction. Dr Angelika Hellweger, legal director at Rahman Ravelli considers the UK’s current approach to modern slavery.

Ireland—Finance Minister publishes Local Property Tax amendment bill for 2025

The Department of Finance published the General Scheme of Finance (Local Property Tax) (Amendment) Bill 2025 on 1 April 2025, introducing changes to Local Property Tax (LPT) from 2026. The bill establishes a new five-year valuation period starting 2026, widens valuation bands by 20%, and introduces a 0.0906% base rate. The legislation increases local authorities' power to vary LPT upwards to 25%, makes Eircodes mandatory on returns, and updates deferral thresholds for inflation. The changes aim to maintain 96% of properties in their existing bands while generating 8% additional yield for local authorities.

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