The housing measures announced in today’s Budget will have a mixed impact on the delivery of new homes

Property Industry Ireland (PII), the Ibec group for businesses working in the property sector, see the housing measures announced in Budget 2025 as having a mixed impact.

PII Director, Dr. David Duffy stated: "Some of the measures announced deliver PII’s key asks on housing. The extension of the Help-to-Buy scheme to end 2029 provides certainty and support for many first-time buyers of new homes. The commitment of €3 bn to infrastructure is welcome. PII have long highlighted the need for investment in the infrastructure that supports the delivery of much needed new homes.

“However, the increase in the Stamp Duty rate on the bulk purchase of residential houses is disappointing and will have a negative effect on the attractiveness of Ireland to international funding. Ireland needs to increase the delivery of homes across all tenures and types requiring substantial levels of development funding. This increase in stamp duty sends a mixed message at a time when we should be looking to attract higher levels of international funding.”

PII await further detail on the announced changes to the RZLT regime as the impacts will need careful consideration. The 12-month timeframe for the commencement post planning may not be sufficient given the range of challenges that exist in the delivery of new homes.”