Ronan Lyons: 'State is foregoing billions in revenue with low property tax'

The more new homes are built, the less likely it is that the value of existing homes will soar, writes Ronan Lyons

'In the last 12 months, Ireland's housing wealth has increased by just 1pc, or €5.3bn. Almost all of this increase - just over €5.1bn - has come from newly built homes adding to the stock of housing' (stock photo)

Housing forms a huge part of Irish wealth. For this reason, its ups and downs - of which there seem to be many - are followed by far more than would follow the ups and downs of the Irish stock market. The latest wealth report takes a closer look at Ireland's housing wealth, at both an aggregate level and from the perspective of individual homes and streets.

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