“We need to stop demonising institutional investors, stop calling them vulture funds,” says Marian Finnegan, Managing Director of Sherry FitzGerald estate agents.
Finnegan was speaking on the latest episode of The Inside Business Podcast about how Ireland can navigate its way out of the housing crisis.
“Remove the increase in stamp duty which is applicable to houses for new construction activity, for investors purchasing those properties, because that makes absolutely no sense,” she continues.
“Secondly, we need to look at the tax take for private landlords… it needs to be reduced significantly”.
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In this conversation with presenter Ciaran Hancock and Economics Correspondent Eoin Burke-Kennedy, the head of Sherry FitzGerald also shares her thoughts on the recent lifting of the eviction ban.
“The ban served no purpose, all it did was kick the can down the road,” she says.
Explaining further she maintains the ban “would have only been useful if something was done at that time.”
“There is no point in putting a ban on evictions and then taking no steps to prevent the situation from deteriorating”.
Also on this episode, Ciaran and Eoin are joined by Cliff Taylor to discuss the recent boost to Ireland’s corporation tax receipts.
Despite a slowdown in the global tech sector, the latest exchequer returns show the Government collected €3.2 billion in the first quarter of 2023, €1.3 billion higher than in the same period last year.
Listen back to this episode in the player above, or wherever you get your podcasts.
