Pat Davitt of the IPAV, the representative body for estate agents, said: ‘There is more to property than its market value and includes such characteristics as site size, location, condition, property build size, whether the property is a new build or not and more’

Department of Finance consultation on property tax attracted about 40 submissions

Zara is just one of the brands owned by of Inditex and ITX Fashion: others include Bershka and Massimo Dutti. Photographer: Martin Leissl/Bloomberg

ITX Fashion may no longer play key role in Spanish giant’s ecommerce development

Mortgage lending fell by €138 million, down by 2.4 per cent on an annual basis, according to latest figures from the Central Bank.

Household deposits jump in October by €1.1bn - the most since December 2008

Pension & Financial Consultants has approximately 4,000 clients and £600m (€ 850m) of assets under management

Aryzta chief executive Owen Killian said on Monday that the Swiss Irish food group’s  business in the UK and Ireland returned to growth during the first quarter. (Photograph:Cyril Byrne / The Irish Times)

Swiss Irish food group will continue to focus on delivering underlying revenue growth

Viagra maker Pfizer is merging with Botox manufacturer Allergan. They’re just two of the top drugs in the world produced in Irelan(...)

The Commission said that the scheme will be “cost-neutral” to banks, and will be risk-weighted; riskier banks will pay higher contributions than safer banks, and this will be strengthened as EDIS is introduced gradually.

Level playing field to protect deposits up to €100,000 will be introduced by 2024

McCambridges in Shop Street in Galway is one of ten food outlets in the city to have signed up for Deliveroo’s new home delivery services. (Photograph: Joe O’Shaughnessy)

Ten Galway restaurants have signed up to deliver meals through the home-delivery service

John Hourican  joined Bank of Cyprus from Royal Bank of Scotland’s investment banking arm.

Dublin born banker to start new contract as CEO in February 2016

UDG chief executive Liam FitzGerald, who is to step down from the role in March, said that the year was one of “ substantial financial and strategic progress”. (Photograph: Eric Luke / The Irish Times)

Healthcare services provider benefits from favourable currency rates to grow pre-tax profits by 24% to €107m

The survey, which was conducted among more than 150,000 adults across 148 countries, shows widely varying literacy rates.

Global survey finds just 55%of Irish adults are financially literate compared with 71% in the Nordic countries

CFDs allow investors to bet on a share price by only putting up an initial deposit of as little as 10 per cent of the price of the stock. (Photograph: Alan Betson / The Irish Times)

Central Bank survey finds that 75% of investors lost an average €6,900 in risky investment

AIB’s headquarters in Ballsbridge. The bank said on Monday it will hold an egm on December 16th  to seek shareholder approval for its new capital reorganisation plan. (Photograph: Eric Luke / THE IRISH TIMES)

Vote on new plan to take place at egm on December 16th; Goldman Sachs will no longer advise Department

According to new figures, just 712 customers to date in 2015 have switched their mortgage from one provider to another.

Just 712 switches have been transacted so far this year despite six-figure savings to be made

 It’s understood that an investor with 1,000 AIB shares today, with a value of about €69, will hold four shares post conversion at a value of about €17.20 (based on a share price of about €4.30 each), a reduction in value of about 75 per cent. (Photograph: Cathal McNaughton/Reuters)

Retail investors could stand to lose more than 75% as bank reveals share consolidation plan

INM reported an increase in total advertising revenue of 3.7 per cent on Tuesday. Digital advertising revenue grew by 43.6 per cent, offsetting a 1.2 per cent decline in publishing advertising revenue, although some titles, including property and magazines, recorded improved year-on-year revenues. (Photograph: Frank Miller / THE IRISH TIMES)

Publisher of Irish Independent points to slow-down in circulation declines and boost in digital advertising as shares jump 6.1%

Due to Finance Bill, personal retirement savings accounts will get USC exemption

Stefan Gerlach, deputy governor of the Central Bank of Ireland said on Monday that the regulator’s new mortgage lending rules are “ functioning as intended”. (Photograph: Frank Miller /	THE IRISH TIMES)

Deputy governor says new rules are working and it is too soon to review them

Number 4-5 Harcourt Road, Dublin 2 where Green Reit expects to obtain a full grant of planning to demolish the existing building in the coming weeks and to construct a new building of c.45,000 square feet, commencing with demolition of the existing building early in 2016 and completing the new building in H2 2017.

Investment company is on site in four out of five projects as it says vacancy rate has dropped to 1%

FBD says that profitability in the Irish insurance market will be challenging into 2016 as the market has not increased rates sufficiently to compensate for the significant deterioration in the claims environment”.

Insurer says rates haven’t increased enough to compensate for higher claims

Most of the increases in rent are going to the bank or to the Government, says Coleman O’Connor of O’Connor Shannon estate agents. Photograph: Dominic Lipinski/PA Wire

The burden of taxes mean that, despite the surge in rent, it is hard to make a profit

Getting a year-end bonus is satisfying, but paying the tax due can take the joy out of it

It’s tax return week again. Some 400,000 self-assessed taxpayers have until Thursday to file their 2014 tax return.

Some 400,000 taxpayers across the country have until Thursday to file 2014 tax returns

Tommy Breen, DCC chief executive, said that the group’s “very strong” performance was achieved through excellent performances from the energy, healthcare and environmental divisions, “notwithstanding a more difficult background for the technology division”.

Operating profit soars by 26.1% but revenues are hit by lower oil prices as shares jump 3.8% in London

Paddy Power and Betfair announced a plan to merge in August in a deal that creates the world’s biggest publicly-listed online gaming company, the latest in a wave of combinations across the industry. (Photograph: Matthew Lloyd/Bloomberg)

CMA is investigating whether Betfair merger will reduce competition

One Dockland Central is currently being refurbished to Grade A standard and the works are expected to complete in early 2016.

HubSpot will pay an average of €45 per sq. ft for office space in the old Commerzbank building

Gene Murtagh, chief executive officer Kingspan. The insulation manufacturer said on Monday that in the nine months to Sep 30th, profitability benefitted from strong operating leverage, and has been “further complemented by unusually favourable exchange rates and a positive input cost environment”.(Photograph: Alan Betson / The Irish Times)

Insulation and building envelope manufacturer grows sales on the back of a strong contribution from acquisitions

The €100m fund to develop offices will address an “important gap” in the market, Quadrant Real Estate said.

State backed fund has linked up with US real estate fund to finance high-quality office development and construction projects

Bank of Ireland’s plans to restrict over-the-counter cash withdrawals to a minimum of € 700 and cash lodgements to a minimum of € 3,000 backfired when customers complained. (Photograph : Matt Kavanagh / THE IRISH TIMES)

Switching current accounts doesn’t have to be a headache

The European Commission is looking at ways of removing obstacles for the sale of retail financial products, such as mortgages and savings products, across the EU.

European Commission has started process to remove obstacles to cross-border sale of retail financial products

 Paddy Cosgrave opens the Web Summit 2015 at the RDS, Dublin.   Photograph: Eric Luke / The Irish Times

Founder says event is ‘distraction’ from real issues impacting people

Kerry Group’s new innovation centre, in Millennium Park, Naas. The Irish food and ingredients company said it achieved “good progress” in the first nine months of the year, as it reported a 3.2 per cent increase in business volumes and reiterated its goal of delivering 6 to 9 per cent full year earnings growth. (Photograph: Dara Mac Dónaill / THE IRISH TIMES)

Irish food and ingredients company reported Q3 3.2 per cent increase despite ‘highly competitive’ Irish consumer food market

Mortgage lending is being hampered by the Central Bank’s new lending rules as well as excessive stress testing a mortgage broker says.

Mortgage expert says buying a home has become too difficult for too many; Davy says mortgage lending may fall back further in Q4 (...)

Panmure Gordon, which has the stock rated as a buy at a target price of €16.50, said the airline’s long-term prospects remain “highly attractive”. (Photograph: Brendan McDermid/Reuters)

Analysts note ‘exceptional’ performance from airline but likely profit taking sends stock price down

Ireland’s manufacturing sector saw a “solid improvement” in October, with the latest Purchasing Managers’ Index from Investec revealing another month of expansion. (Photograph: Alan Betson/ The Irish Times)

Firms remain positive on the outlook as PMI reading rises again

After a bumper summer Ryanair is forecasting full year profits will be towards the upper end of its € 1,175m to € 1,225m range. (Photograph: Alan Betson / THE IRISH TIMES)

‘Bumper summer’ boosts profits at airline as it forecasts double digit growth in Ireland and

Fashion retailer Carraig Donn, which has 38 stores across Ireland, has made its first foray into the UK, opening its first store in Newcastle.

Fashion retailer Carraig Donn opens store in Newcastle with another set to open in Sheffield

Gavin Slark, chief executive officer of Grafton said the deal will give Grafton a presence in the Netherlands for the first time and strengthen its branch footprint in the mainland European market. (Photograph: Cyril Byrne / THE IRISH TIMES)

Acquisition of Dutch tool distributor Isero marks group’s first foray into the Netherlands

PAYE landlords must pay PRSI for first time in 2014 returns, as new budget measures will not take effect yet for the self-employed(...)

Clavis Insight, the Irish provider of ecommerce store analytics to consumer goods companies, has secured a $20 million growth equity investment, which it will use to accelerate international growth and create more jobs.

Clavis Insight will use investment for growth and creating up to 150 jobs

Chairman John Hennessy said that the recruitment group has had a “positive start” to its new financial year. (Photograph: Dara Mac Donaill / The Irish Times)

Recruitment group said it has had a ‘positive start’ to new financial year

Tupperware party: if you don’t feel comfortable selling, and maybe pushing customers into opening their wallets, direct selling may not be for you

Companies have long appreciated the profitability of getting people to sell to friends and strangers

The more attention you give your pension, the more likely it will be sufficient to meet your demands in the future

The sooner you put a pension scheme in place the better – but stay focused on it

First Derivatives, the Newry-based financial technology firm, said on Monday that  that trading in the first half of its financial year has been strong. (Photograph:

Newry based software provider says full-year outturn will be in line with forecasts

13-17 Dawson Street which is being redeveloped by Green Reit. A survey from Davy Research has found that fears of over-supply in the Dublin office  market by 2018 may be overdone. (Photograph: Matt Kavanagh/The Irish Times)

Survey finds that risks of oversupply in Dublin market by 2018 may be ‘overdone’

Pat Kenny at the launch of UTV Ireland  in Dublin in August 2014. The station was launched with much fanfare but has struggled to perform since. (Photograph: Cyril Byrne / THE IRISH TIMES)

UTV to sell its television assets to UK’s largest free-to-air commercial broadcaster

Last year the market was preoccupied by a lack of suitable family homes. Now, Central Bank lending rules and market forces have re(...)

Budget 2016 has been criticised as ‘very unfair’ on landlords. File photograph: iStockphoto

Those renting out properties are unlikely to see their annual tax bill fall significantly

Budget 2016 will offer some relief to children hoping to hold onto a family home gifted to them by their parents, as the tax free threshold for asset transfers from a parent to a child is set to increase by 24 per cent to €280,000.

Move expected to cost the Exchequer €28m in 2015 and €33m in 2016

Revenue is warning taxpayers to watch out for phishing emails, which seek personal information from taxpayers in connection with a tax refund.

Scammers are phishing for personal details in run-up to self-employed tax deadline

Last year Minister for Finance Michael Noonan announced DIRT free savings for first-time buyers - but the measure has had little impact.

Remember DIRT free savings for first-time buyers? Ahead of tomorrow’s Budget we look at some past measures that never took off

Bricklayers work on the external facade of an apartment building at a  brown-field regeneration residential construction site in Acton, UK

With Ireland struggling to build enough homes we look at how other nations do it

Adding up: Mary Clarke, a volunteer Clontarf at Credit Union, and other parents have introduced the idea of saving with the credit union to Conor Lynch and others in Belgrove Senior Boys School. photograph: brenda fitzsimons

The credit union movement has changed utterly since the recession but hopes to emerge stronger than ever

Ed Farrell, chief executive of the ILCU, says that stimulating demand for lending is one of the credit union sector’s greatest challenges at present. Photograph: Frank Miller

According to the Irish League of Credit Unions’ review, loans fell by €166m

While we await next week’s pronouncements, it’s a good time to consider a range of financial experiences across Ireland

On Thursday, some €1bn in the 2.40% Treasury Bond 2030 will be auctioned at 8am, and will be confined to recognised primary dealers. (Photograph: Simon Dawson/Bloomberg)

Last auction of the year will see state agency sell €1bn in 15-year bonds

Credit union sector: it continues to lobby the Government over new Central Bank regulations it deems unfair. Photograph:  Colin Keegan

Irish League of Credit Unions appoints consultant to undertake review of movement

Irish tax policy must ensure that Ireland remains a competitive location for foreign direct investment,  Lorraine Griffin, head of tax with Deloitte said.

Ireland ‘needs to end its dependence on multinationals’

Dalata held its recent agm  in the Clyde Court Hotel, Dublin, formerly the Berkeley Court. The hotel is set to close for re-development from the end of the year. (Photograph: DAVE MEEHAN)

Ballsbridge hotel will close on January 1st to allow construction begin

Parkside is a development by Cairn Homes that when completed will comprise some 400 A-rated houses at Clongriffin, Dublin 13.  Prices in Phase 1 ranged from € 299,000-€ 325,000 for a three-bedroom, with four-bedroom houses on sale for between € 345,000-€ 385,000.

Developer achieves average sale price of €342,000 and puts another 30 on the market as Phase 1 sells out

Many people are entitled to claim tax relief on work related expenses, be they uniforms or tools, while others can claim a certain cash amount towards expenses when travelling for work – whether they actually spend the full amount or not

Under Revenue rules you are allowed to claim for the past four years

Dermot Smurfit led company is focusing more on simulated gaming as US remains slow to deregulate

Aryzta CEO Owen Killian said that the group’s focus is now on delivering the underlying revenue growth potential of the business. (Photograph: Cyril Byrne / The Irish Times)

CEO says group hopes to build on revenue growth potential in 2016

Financial planning: getting a clear and realistic picture of your goals is essential. Photograph: Thinkstock

Investors can withstand volatility by having a well-diversified portfolio, say experts

Mr. O’Brien, the company’s founder and chairman of the board of directors, will have about 94 per cent of the voting power of the company after the IPO. (Photograph: Swoan Parker/Reuters)

Telecoms group sets range at $13-$16 a share; company will retire up to $1.3bn in debt after IPO on New York Stock Exchange

Ireland has moved into the top ten of the world’s most innovative economies. Switzerland, the UK, Sweden, the Netherlands and the US are the world’s five most innovative nations, according to the index.

Switzerland holds onto the top spot as Ireland advances three places in Global Innovation Index 2015

As banks continue to offer their best mortgage rates to homeowners who are willing to lock into fixed rates, new data from the Central Bank shows that the number of outstanding fixed rate loans showed a marked increase in the second quarter.

Figures from Central Bank show homeowners are responding to fixed rate offers from lenders

After 23 years with UDG Healthcare, chief executive Liam Fitzgerald is to step down from the role in March 2016. (Photograph: Eric Luke / The Irish Times)

LloydsPharmacy owner will pay €407.5m for the business; UDG CEO Liam Fitzgerald to step down in March 2016

One51 chief executive Alan Walsh. The company said on Friday that it has acquired a UK company which it will integrate into its environmental-services division. (Photograph:DAVE MEEHAN)

Greenway Environmental Services provides industrial services in the north west

Two companies have announced plans to create 75 jobs in Cork, a data management service and the Department of Social Protection

Data management company to open Ballincollig office and department to develop jobs website

Women continue to underperform men in terms of pensions savings, with men accounting for about 70 per cent of all of Irish Life’s customers.

Residents of south Dublin area making the largest monthly pension contributions - survey

Review shows office space in the prime Dublin office market rose by 24 per cent in the 12 months to the end of June.

HWBC’s office market review expects rents to rise by a further 20 per cent in 2015

Financial sector support led to a substantial increase in government debt of around 20 per cent of GDP in Ireland, on a par with the level reached in Greece, Cyprus and Slovenia.

European governments have recovered just 40% of financial support offered to banking sector and Ireland is one of the worst perfor(...)

Moody’s said that the Irish RMBS market still displays higher delinquency ratios than its European peers. (Photograph: Scott Eells/Bloomberg/The Irish Times)

Quality of Irish mortgages continues to improve ratings agency says, but cautions that it’s being driven by restructurings

Zamano, the Dublin-listed provider of interactive applications and services to mobile devices, saw sales rise by 19.3 per cent in the first six months of its financial year on the back of strong third party (B2B) sales performance in the UK. (Photograph: Getty)

Mobile messaging company points to ‘challenging’ market in Ireland

Mick Power and his wife:  they are using to attract older foreign students, or graduates who come to Dublin for an internship, typically in their 20s and 30s

Airbnb income has always been taxable but the rent-a-room scheme is another story

While the internet is rife with stories of “mouse monitoring”, whereby the company will ring you if your mouse doesn’t move within a designated time, companies have many other ways of monitoring your performance

The numbers who work from home only are increasing – and fast

UnipolSai Assicurazioni has launched a Dublin based reinsurer, the first move outside of Italy for one of Europe’s largest non-life insurance groups.

UnipolRe to maximise capital efficiency under Solvency II for Italian non-life parent

According to new figures from the Central Bank, new lending to small and medium sized enterprises (SMEs) advanced by 32 per cent in the second quarter of 2015, driven by increased lending to the motor trade.

Lending advanced by 32% in Q2 but loan repayments continue to outpace new lending

The last census was held in April 2011. (Photograph: David Sleator/The Irish Times)

Supervisors to be paid €500 a week plus final payment of up to €1,300 for six-month contracts

Some 150,000 Irish people who went to Australia on a working holiday visa may be entitled to claim back an average tax refund of $,2600 (€1,614)

Up to 150,000 Irish people can claim back tax and pension refund for up to 10 years

AIB employees have voted to accept a 2 per cent proposal to increase basic pay by 2 per cent, backdated to January 1st 2015. (Photograph by Cyril Byrne/The Irish Times)

First pay rise since 2009 will apply to employees earning up to € 100,000

58 Northbrook Avenue, Ranelagh, Dublin 6. Lot 199, Reserve € 350,000, 3 Bedrooms

Five-bed in Brittas Bay sells for €290k, twice the reserve as others withdrawn unsold

Paddy Power Betfair will be headquartered in Dublin and is expected to maintain a significant presence in both Ireland and the United Kingdom. (Photograph: Matthew Lloyd/Bloomberg)

Bookmaker agrees terms of Betfair merger giving Paddy Power shareholders a 52% stake in new Dublin headquartered company

Petroceltic chief executive Brian O’Cathain. (Photograph: Sara Freund / The Irish Times)

Oil and gas exploration company says such a move would be ‘a regrettable waste of company funds’

Central Park office park in Leopardstown where Green Reit is reporting full occupancy and has construction underway on Block H. Photograph: Alan Betson/The Irish Times

‘Golden period’ for commercial property probably over, says executive chairman

Senan Murphy will assume the role of group finance director at construction group CRH from January 2016. (Photograph: Brenda Fitzsimons/The Irish Times)

Bank of Ireland’s Senan Murphy will join construction group in January

In Kilkenny, CipherTechs, the privately held information security services provider headquartered in New York, will establish its EMEA headquarters creating 36 new jobs over five years at its security operations centre. (Photograph: Brenda Fitzsimons/The Irish Times)

Call centre Eishtec to create 200 jobs in Clonmel call centre as Government reveals plan to create 25,000 new jobs in region

A ban on flat annual charges is set to come into force on July 1st next year but it is worth trying to save some money in the meantime. File photograph: Alan Betson/The Irish Times

Customers may see upward pressure on prices as operators prepare for new service

Albert Manifold, chief executive, CRH, said that the group’s acquisition of CRL is an “excellent operational fit” with the group’s US building envelope business.(Photograph: Cyril Byrne / THE IRISH TIMES)

Building materials group is forecasting full year earnings growth as it said it will acquire US glazing manufacturer for $1.3bn

Gavin Slark, Grafton chief executive officer, said that despite current challenges the group is “well placed to make further progress in the second half towards delivery of its medium term targets of a 7 per cent operating margin and 15 per cent return on capital employed.”(Photograph: Cyril Byrne / THE IRISH TIMES)

Builders merchanting group points to ‘siginficant increase’ in Irish revenues

Royal London’s Irish business reported a 31 per cent jump in new business in the first half of 2015, driven by strong growth in the company’s protection business.

UK mutual now has 9% share of Irish protection market

Home building group Cairn Homes said on Thursday it is considering acquiring 11 sites valued at €120m with a potential to build about 1,600 residential units. (Photograph: Alan Betson/The Irish Times)

Home builder’s Parkside development in Malahide to launch in September with selling prices to start at €315,000

IFG group chief executive Paul McNamara, said that the company’s “sharp strategic focus” on the retirement wealth market is delivering growth and improved performance.  (Photograph: Eric Luke / The Irish Times)

Financial services group grew operating profit by 12% in H1 as divestment of Irish insurance business nears completion

 Albert Manifold, chief executive, CRH, said that the group’s acquisition of CRL is an “excellent operational fit” with the group’s US building envelope business.(Photograph: Cyril Byrne / THE IRISH TIMES)

Building materials group is forecasting full year earnings growth as it said it will acquire US glazing manufacturer for $1.3bn (...)

Brian Keegan of Chartered Accountants Ireland says non-executive directors of non-commercial bodies are already entitled to claim tax relief on their expenses

Experts have called on Government to update rules on how people claim tax relief

Ryanair said it would immediately appeal the ruling, and estimates the potential liability will likely be less than €5m.

Ruling means that millions of passengers could be in line for a payout

An Enoc petrol station in Dubai: the company says it plans to delist Dragon Oil. (Photograph: Ali Haider/EPA)

Irish exploration company will delist from Iris Stock Exchange on September 7th

AIB says that some 110,000 customers may be entitled to a refund for the mis-selling of credit card protection insurance. (Photograph: Bryan O’Brien)

Bank will refund up to €128 for customers who were mis-sold credit card protection insurance

Irish engineering group Mincon grew revenues in the first half of 2015 by 40 per cent, but operating margin fell by 22 per cent due to a pressure on pricing. (Photograph: Eric Vidal/REUTERS)

Engineering group reports 40% jump in revenues but margins are hit by pricing pressures

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