Market Research and Central Bank Findings Inform Housing Policy Ahead of Budget 2027
What happened
Market research on new home sales, conducted by Sherry FitzGerald, is informing the political discussion around housing policy. With Budget 2027 only twelve days away, Minister for Finance Simon Harris stated that political discussions regarding the potential abolition of stamp duty for first-time buyers or increasing the Help to Buy tax refund from €30,000 to €50,000 are grounded in potential government measures aimed at boosting housing supply.
From irishtimes.com
Why it matters
The Central Bank recently revised its forecast for new-home completions out to 2028, lowering the estimate from 128,000 to 125,500. Furthermore, the Central Bank noted that the average time required to complete a new home in the state has increased from two to four years since planning application lodgement.
From irishtimes.com
Who's involved
- Sherry FitzGeraldProvides market research on new home sales in the Irish market.
- Fine GaelThe political party involved in the government coalition.
- central bankThe institution whose forecasts regarding new-home completions were recently revised.
- Simon HarrisMinister for Finance involved in discussing potential housing policy measures.
- governmentThe governing body responsible for driving housing policy changes.
- IrelandThe sovereign state whose housing market is the focus of the research and policy.
Keep exploring
The entities involved
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Sherry FitzGerald
Irish Real Estate Agency
Nothing else this week.
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Fine Gael
Irish political party
- Fianna Fáil and Fine Gael ministers, including Dara Calleary and Jennifer Carroll MacNeill, are confirmed as part of the Coalition government.
- Various political parties, including Fianna Fáil, Fine Gael, Labour Party, and Independent Ireland, held gatherings in locations including Malahide, Galway, Gorey, and Dublin, leading to the formation of the largest political camp.
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central bank
public institution that manages a state's currency, money supply, and interest rates