As second home ownership in Ireland reaches 362,000, the housing crisis deepens, notably in coastal areas experiencing shortages of long-term accommodations. Many towns and villages face a dilemma where numerous properties are available for short-term rentals, but residents struggle to find long-term housing. A senior county council manager recently sparked controversy by suggesting a community-led boycott of second home owners. Furthermore, the introduction of a €750 tax on these properties could raise €271.5 million for the Exchequer, highlighting a potential financial strategy to address the ongoing crisis.
The rise of second home ownership in Ireland, now up to 362,000, exacerbates the housing crisis, especially in coastal towns lacking long-term accommodations.
A proposed tax of €750 on second homes could generate €271.5 million for the Exchequer, offering a financial solution while addressing housing shortages.
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