Chatting and penning thoughts on the housing crisis can seemingly put forward two contrasting points of view. Despite the scarcity not seeming less severe, construction of over 32,000 residences was completed last year, an increment of 10% from 2022. It’s evident that there’s a delay from the completion of new homes to buyers’ perception of an increased housing supply. Yet, a fresh report from Daft.ie suggests additional factors are at work.
One crucial detail highlights that the availability of pre-loved homes for sale has hit its nadir since Daft started monitoring this figure in 2007. Recently, this record low has persisted for a three-month period. Thus, the new homes entering the market aren’t creating the expected impact. This also implies, as reported by Eoin Burke-Kennedy, that the high demand is transitioning away from Dublin’s prime locations and moving down the expressway network.
Addressing the cost of building social housing, Eoin reveals that it is approximately double in Dublin compared to other regions of Ireland.
In the meantime, Ian Curran reports that according to a recent survey, both tenants and the commercial real estate sector of the Republic predict lease terms will be more adaptable in the future, adapting to the new post-pandemic circumstances.
Thinking of tying the knot? Fiona Reddan clarifies why there are significant tax benefits to saying ‘I do’.
In a new report, it has been cautioned that it’s “likely” that two or more companies are independently paying over 10% of Ireland’s annual corporation tax (CT), creating a notable threat to public funds.
In her column, Laura Slattery explores what a 1969 Ladybird book reveals about the present state of the newspaper industry.
The luxury industry’s future faces an interesting turn of event as the former pattern of extravagant spending is being replaced by less flashy, more “discreet” expenditure, as noted by Cantillon, further discussing the plummeting fortunes of the social media platform once known as Twitter.
In a recent pivotal shake-up, Boeing has vacated its top management in the continuous aftermath of the Alaska Airlines 737 near-catastrophe, with the CEO, chairman, and top sales executive all set to exit.
The European Commission, the executive branch of the European Union (EU), has commenced enquiries into big tech companies – Apple, Alphabet, and Meta under a newly implemented legislation aimed at regulating the influence of these tech giants. The probes, which were launched on Monday, aim to ascertain if the tech firms have abused their power by giving preferential treatment to their own application markets and misused user data for advertising. These companies collectively provide employment for more than 12,000 individuals in the Republic.
Meanwhile, consumer complaints registered with the Food Safety Authority of Ireland (FSAI) witnessed an 8.3% increase in the last year with a total of 7,732 queries and grievances processed. Out of the 4,395 complaints from customers, 31.9% were about substandard hygiene, 27.2% flagged unfit food and 26.7% reported suspected food poisoning, as per the report by Colin Gleeson.
In other news, Northern Ireland’s investment firm, Whiterock announced plans to initiate a new investment fund worth £75 million (€87.5 million), focusing on the growth of companies in the North which signals a move to fill the void in the local market in terms of growth financing, as reported by Ciara O’Brien.
In the financial advice section, Your Money, Dominic Coyle guides readers on how to navigate circumstances such as dealing with an executor of a will who is no longer capable of fulfilling their duties, and a single mother barred from receiving tax credits.
Lastly, sailor-cyclist Annalise Murphy divulges whether her financial habits lean more towards spending or saving.