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Residential property prices returned in June to levels not seen since the credit-fuelled peak of 2007, after rising 14.1% on an annual basis, new Central Statistics Office figures show today. The 14.1% year-on-year growth in June was down from 14.4% in May, cooling slightly for the third successive month, the CSO said. Today’s figures show…

The National Cyber Security Centre and the Garda National Cyber Crime Bureau are warning small and medium business owners of an increased threat of ransomware attacks. They also encouraged business owners to report the incidents to both the National Cyber Security Centre and gardaí. The National Cyber Security Centre and the Garda National Crime Bureau…

Households could save over €13,000 a year by switching service providers and changing their spending habits. That’s according to new figures from Irish personal finance company Moneysherpa. They show that despite inflation running at a 38 year high of 9.1%, consumers can save by shopping around. “Many are struggling to make ends meet,” said Mark…

Minister for Finance Paschal Donohoe has said a 30% rate of income tax is “technically possible” and that Budget 2023 will contain an overall personal tax package that will aim to help with the rising cost of living. Minister Donohoe said the Government has confirmed that tax changes of over one-billion-euro will happen, and in…

The State’s largest property owner, Irish Residential Properties REIT, said its net rental income for the six months to the end of June rose by 4.1% on full occupancy levels. Irish Residential Properties REIT’s revenue grew by 6.7% to €42.1m for the six month period. It said that the revenue growth was driven by the…

One million people visited Ireland last month, as recovery across the tourism sector continued to gather pace. However, new figures from the Irish Tourism Industry Confederation (ITIC) show that visitor numbers were still down 11% in July compared to the same month in 2019 – before the pandemic. The data shows that so far this…

Victims of text message scams were left out of pocket to the tune of €1,700 on average during the first six months of this year, according to FraudSMART – a fraud awareness initiative led by the Banking and Payments Federation. Businesses suffered an average loss of €14,000 as a result of invoice fraud but in…

Advertised rents for homes were 12.6% higher between April and June than they were in the same three-month period last year. That is according to the latest rental report from property listings website, Daft.ie, which found that during the quarter the rate of increase reached its highest level since the index was launched 16 years…

The Department of Finance will publish its Tax Strategy Group papers this morning, which will outline options for next month’s Budget. The papers are expected to cover a range of issues including income tax and environmental taxes. Every year the Department of Finance prepares briefing notes for the Minister of Finance on the potential options…

There was a €40 difference in the cost of wholesale electricity here in July between the days on which most energy was generated from wind and those with the least. According to Wind Energy Ireland, the average wholesale cost of electricity was €267.19 per Megawatt Hour (MwH) during the month. The price varied from €256.66…