The Government’s vacant property tax of 0.3% has been criticised as “laughable” during Tuesday’s Dail debate which was dominated by the housing crisis.
It comes after a report by a banking lobby group found that rents in Ireland have increased by more than 80% in 12 years, compared with an average increase of just 18% across the rest of the EU.
The report found that a substantial increase in housing supply would be needed before house prices and rent prices would fall.
