logo
Irish Government to Reform Rent Cap in Bid to Boost Home Supply

Irish Government to Reform Rent Cap in Bid to Boost Home Supply

Bloomberg21 hours ago

Ireland 's senior government ministers are set to approve new rental control reforms as part of efforts to tackle the country's acute housing shortage by luring more apartment investors to the market.
Government leaders agreed on Monday evening that newly built apartments will be exempt from a 2% annual cap in rents in place in urban areas, known as rent pressure zones, according to a person familiar.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

EU Ready for Second Attempt at Australia Trade Deal, Envoy Says
EU Ready for Second Attempt at Australia Trade Deal, Envoy Says

Bloomberg

time11 minutes ago

  • Bloomberg

EU Ready for Second Attempt at Australia Trade Deal, Envoy Says

The European Union is ready and willing to make a second attempt at securing a free trade deal with Australia, EU Ambassador Gabriele Visentin said, while adding that the main obstacles to an accord that were identified in 2023 are largely unchanged. Visentin said in a speech to the National Press Club in Canberra on Wednesday that the 'incredible' changes in geopolitics and global trade since the negotiations fell apart had encouraged both governments to 'team up and defend free trade.'

Uber, SoftBank-Backed Wayve Plan Trial of Driverless Cars in UK
Uber, SoftBank-Backed Wayve Plan Trial of Driverless Cars in UK

Bloomberg

time35 minutes ago

  • Bloomberg

Uber, SoftBank-Backed Wayve Plan Trial of Driverless Cars in UK

Uber Technologies Inc. and self-driving technology firm Wayve Technologies Ltd. plan to run their first trial of fully autonomous vehicles in London, paving the way for the two companies to launch commercial robotaxi services in the UK and beyond. The companies didn't name an auto manufacturer partner, but said in a joint statement Tuesday that they would share details on the global car company and trial time line 'in the coming months.' An accelerated framework announced by the UK government on Tuesday allows for such commercial self-driving pilots to begin in the spring of 2026.

EU Targets Russian Banks, Energy With New Sanctions
EU Targets Russian Banks, Energy With New Sanctions

Bloomberg

timean hour ago

  • Bloomberg

EU Targets Russian Banks, Energy With New Sanctions

Welcome to the Brussels Edition, Bloomberg's daily briefing on what matters most in the heart of the European Union. The EU is promising more pain for Russia's economy with its 18th package of sanctions, focused on banking and energy, which it hopes will help bring the Kremlin to the negotiating table over its war in Ukraine. Commission President Ursula von der Leyen said the bloc is ramping up pressure because 'strength is the only language that Russia will understand.' The aims, as we reported previously: a ban on the Nord Stream pipelines, cutting more banks from the SWIFT international payments system, listing additional vessels from Moscow's so-called shadow fleet, further export controls relating to drones, and pushing down the price cap on Russian oil to $45 from $60 per barrel. The latter faces a make-or-break moment at the G-7 summit in Canada starting later this week, with the EU seeking US buy-in for the measure. A ban on petroleum-product imports made from Russian crude oil would have far-reaching consequences for fuel markets.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store