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Budget 2025: CBRE Ireland Response

October 2, 2024 10 Minute Read

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  • CBRE Ireland welcomes the €1.25bn capital allocation to the Land Development Agency. Continued supply-side supports such as this confirm to us that Ireland is clearly in the early stages of a cycle of exceptional levels of social & affordable housing delivery.
  • Stamp duty changes for the ‘bulk purchasing’ of housing and a lack of clarity around stamp duty changes for home sales announced yesterday are not helpful in promoting investment and development.
  • The increase in the national minimum wage by over 6% to €13.50 appears grossly mistimed. The retail and hospitality sectors are under increased cost pressure at present, and this change will only further impact the viability of some small and medium-sized businesses. 
  • Other positive investments include the allocations into infrastructure, which will serve both the commercial and residential markets. 

  • A total of €1bn has been allocated to Irish Water and €750m has been provided to EirGrid. Both investments are critical to ensure Ireland’s continued economic development and competitiveness.