A leading economist has warned the government to avoid short-term tax breaks for developers, which he fears could fuel another property bubble in Ireland.
The Irish Independent reports that the Finance Minister will announce a tax discount for builders in next week's budget, if they begin building within 18 months of receiving planning permission.
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The move is aimed at increasing supply in areas like Dublin, but Trinity College professor Ronan Lyons has called for a focus on measures to reduce the cost of building instead.
He's published a report for Daft.ie which shows asking prices here are stagnant, despite rises elsewhere.
