Daft Property - Irish Property News

How this crippling new homes levy will hit Dubliners 3 times as hard... DUBLINERS face having to pay almost three times as much property tax as householders outside the capital. The controversial tax is due to be rolled out across the board this summer at a 0.18pc rate of the value of the property. But the discrepancies between how much householders in the capital will have to pay compared to people living in towns and cities elsewhere suggests the tax may be one of the most divisive ever. Today the Herald highlights the disparity between the charge on homes in Dublin and two medium-sized towns, close to Cork and Galway cities. We have selected three types of houses - a four-bed detached, a three-bed semi-detached and a three-bed terraced - for comparison purposes. The big difference between the houses in each type is their location and price. Unfair Homeowners are due to receive an estimate on their bill from the Revenue in March. They must submit their valuation by Ma...

Emigration set to hit one-in-four city households... POLL: Quarter of young people want to leave. MORE than one in four Dublin households will experience emigration within the next 12 months. The scourge of forced emigration has yet to peak, a new poll of over 1,000 people has found. A major brain-drain is on the horizon as 23pc of young people aged 18-24 say that they intend to leave Ireland by early 2012. An analysis of the Millward Brown Lansdowne poll for the Herald shows that the exodus will include tradesmen, college graduates and other newly unemployed young people. Almost one in ten (9pc) people interviewed said they personally intend to emigrate within the year. And 20pc said another member of their household planned to move away to places like Australia, Canada or the US. More men than woman are ready to move overseas but those leaving are spread across all social classes. Around one in six are unemployed while one in eight are self-employed. The poll found ...

Celtic Tiger eatery closes its doors as downturn really bites... Now facing closure, Cooke's Cafe has long been one of the favourite eateries of the cashed-up chattering classes in Dublin. But the award-winning venue -- which counts celebs like U2 among its customers -- has this evening been served up as the industry's first high-profile casualty of Ireland's credit crunch. A spokesperson for the eatery, situated on the corner of South William Street and Castle Market, has confirmed to the Herald that they will cease trading at the end of this month. "It's true, we're closing up," he said. Shock In news that has sent shock waves through the tight-knit circle of Dublin restaurateurs and chefs, Cooke's will close its doors in two weeks. It's understood that the lease has now been bought by Abrakebabra owner Graham Beere, who has indicated he may turn it into a sushi restaurant or use the venue to extend his chain of Gourmet Burger Kitchen. As proof t...

Dubliners are bracing themselves for further flooding as heavy downpours are predicted in the coming days. The news comes as residents in many parts of the capital are today coming to terms with the damage wreaked by Saturday's intense rainfall. Met Eireann says heavy and thundery rain is likely in Leinster tonight, with flooding a real possibility in many areas. And the outlook for the coming days does not look much better, with heavy rain predicted for Tuesday and Wednesday. Meanwhile, a senior Dublin City Council official has admitted the capital's drainage system cannot cope with the "freak" rainfall which occurred over the weekend. Rainfall City engineer Tom Leahy said the system was designed to deal with normal or even heavy rainfall. "It cannot deal with these extreme events," Mr Leahy said today. A top climate expert warned that Dubliners will have to get used to the heavy rainfall and flash floods that hit the city on Saturday. Dr John Sweeney of NU...