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Budget 2024: Measures to encourage small landlords to enter and remain in rental market vital in ensuring rental property meets demand, according to Deloitte

Extension of Help to Buy scheme is welcome, but usefulness must continue to be reviewed as significant shortage of houses remains

10 October 2023. As the rental market continues to face intense pressure, measures announced today are a step in the right direction to alleviate some of the challenges.

Daryl Hanberry, Head of Tax & Legal and partner, Deloitte Ireland said: “The housing crisis continues to be one of the biggest challenges facing people across the country today. Today’s budget offers a step in the right direction to alleviate some of the challenges, but the crisis will not be solved overnight. Deloitte welcomes the measures introduced today – in particular the incentives for small landlords, and the extension of the Help to buy scheme to December 2025.”

Commenting on the measures for landlords, Daryl Hanberry said: “The tax reforms for small landlords introduced today are a welcome measure. Ireland’s rental market continues to be under pressure with fewer new rental properties coming to market and yet more demand”.

The extension of the Help to Buy scheme to the end of December 2025 is welcomed. Also the amendment to allow the Local Authority Affordable Purchase Scheme (LAAP) interact with the Help to Buy Scheme is to be welcomed”.

Shane Wallace Deloitte Partner said: “Since its inception the scheme has provided useful relief to first time purchasers looking to get on the property ladder. However, there is still a significant gap in houses available so this measure will only work alongside investment in the development of additional houses.”


For further information contact:

Georgina Francis
087 941 0067

Martin Phelan
087 246 7106