CBRE Ireland’s Post

The recently announced Budget 2025 brings a mix of optimism and caution for Ireland’s property market. While it marks progress in many areas, CBRE Ireland advises that a balanced approach is required to ensure sustainable growth and maintain investor confidence. Below are some highlights from CBRE Ireland’s comprehensive analysis. For the full response, please see the link in the post below. #Budget2025 #Housing #Infrastructure #Planning #RealEstate

The Chancellor's 2024 Autumn Budget delivers a transformative fiscal package with wide-reaching effects for the UK Construction Sector. With £100 billion set aside for capital investments and £5 billion dedicated to housing, the Budget emphasises infrastructure expansion, affordability in housing, sustainability and regional connectivity. Significant allocations focus on affordable housing, clean energy, transport infrastructure, and regional initiatives, positioning the sector to meet critical market demands. This blog examines the Budget’s core provisions, including tax increases, sustainability measures, and planning enhancements, offering insights into growth prospects and challenges for industry stakeholders in a shifting economic landscape. Read more in this article: https://lnkd.in/eyb_Vq6K

The Interim Budget 2024 has indeed set a positive tone for the real estate sector. With the government's continued focus on ramping up capital expenditure and affordable housing, we have a promising year ahead. #budget2024 #indianarealestate #realestate

More thoughts on the budget to come over next few days but initial take: - The increase in capital spending next year, and over the course of the Parliament is positive and avoids a coming cliff edge that would have been bad for the construction industry. It’s good to keep the momentum on major projects and hopefully there will be further positive news on some of the big investments in the coming months and at the Spending Review in the Spring. - The extra £100bn over the course of the Parliament sounds a lot, but investment is still reducing as a % of GDP by the end of the Parliament. If we are to ‘invest, invest, invest’ this needs to be a long term strategic programme bringing together private and public capital to bring us in line with other major economies. This is a good start, but more to do. - I would be very surprised if all the tax measures, ‘clampdowns’, and efficiency savings delivered what was announced. It’s not the first time we have heard some of them and there may still be hard fiscal decisions to make ahead.

Following yesterday’s Autumn Budget announcement, our latest analysis highlights the key impacts on the property sector. We’ve focused on seven crucial themes, including: 💼 Finance and tax 🏠 Housing 🏗️ Planning 🔬 Life sciences 🏥 Healthcare 🌆 Regeneration and devolution 🌍 Net zero and clean energy ➡️ Read our full Autumn Budget analysis here: https://lnkd.in/en-TwM4N

💡 BPF Futures members, want to learn more about yesterday's Budget and it's implications for our industry? Check out the BPF team's analysis exploring some of the key announcements from the Chancellor. ⬇️

Budget 2024-25 did create an impact with its announcements for the development of 14 transit-oriented cities and investment-ready industrial parks in or near 100 cities that will transform urban centers into economic powerhouses. However, the initiative falls short of bringing in actual value to the real estate sector. The budget certainly has a strong hint of political appeasement; but it is all very well if it does not bring the GDP growth momentum down below the safely predicted 7%. For decades, real estate has been at the forefront of creating jobs as well as contributing to the national growth. Despite the economic contribution, it still awaits receiving the ‘industry’ title, a recognition that would attract more investors and provide the sector with major benefits. Furthermore, approval issues still persist, shedding light on the government’s inattention to the administrative part of real estate growth. Delayed approvals = delayed deliveries. The government’s aim is in the right direction but the path still needs to be prepared for the vision to be fulfilled. Streamlining approvals and ensuring efficient project execution will be crucial for realizing this ambitious vision. Alongside, the removal of indexation on real estate is harsh. This move essentially increases the capital gains tax burden, potentially discouraging further investment in the sector. Overall, it has been a disappointing budget for the sector and also on the individual side as well where rather than widening the income tax, a deeper hole is being created in the pockets of the same set of tax payers. However on the brighter side, the government continues to provide the resources necessary for a better infrastructure. The budget offers promising steps towards urban development, the real estate sector needs more than just grand visions. #budget24 #shaktisays #gdpmomentum

𝐈𝐍𝐕𝐄𝐒𝐓𝐈𝐍𝐆 𝐅𝐎𝐑 𝐀 𝐒𝐓𝐑𝐎𝐍𝐆𝐄𝐑 𝐓𝐎𝐌𝐎𝐑𝐑𝐎𝐖 Charters Towers Regional Council adopted the 2024-25 Budget at its Statutory Budget Meeting held today. The detailed budget incorporates strategic funding distributions for significant projects designed to promote growth and improve the regions infrastructure. Mayor Liz Schmidt said “This year’s budget is titled ‘Investing for a Stronger Tomorrow’ as our highest budget priority remains ensuring the long-term sustainability and prosperity of our Region. “The 2024-2025 budget focuses on sustained investment in maintaining and enhancing essential infrastructure, while taking into account the economic circumstances affecting our Region and the implications for our ratepayers, residents, and businesses. Read more 👇 https://lnkd.in/gHEXFn5d For further information on the budget 👇 https://lnkd.in/gm996YEH

How will Labour's first Budget in 14 years affect UK commercial real estate? My team have produced a brilliant summary of the likely impacts, bringing together insights concerning office demand, industrial markets, capital markets, retail, ESG implications and more. Follow the link below. Let me know if you have any thoughts or questions. #budget2024 #cre #commercialrealestate #research

𝗧𝗵𝗲 𝗜𝘁𝗮𝗹𝗶𝗮𝗻 𝗦𝘂𝗽𝗲𝗿𝗯𝗼𝗻𝘂𝘀 𝟭𝟭𝟬%: 𝗖𝗼𝗻𝗳𝘂𝘀𝗶𝗻𝗴 𝗗𝗲𝗺𝗮𝗻𝗱 𝗦𝘁𝗶𝗺𝘂𝗹𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝘁𝗵𝗲 𝗡𝗲𝗲𝗱 𝘁𝗼 𝗥𝗲𝗶𝗻𝘃𝗲𝗻𝘁 𝗙𝗶𝘀𝗰𝗮𝗹 𝗣𝗼𝗹𝗶𝗰𝘆 Insightful paper by Lorenzo Codogno (Hans-Böckler-Stiftung), July 2024. 𝗔𝗯𝘀𝘁𝗿𝗮𝗰𝘁 Since the Global Financial Crisis in 2008-2009, there has been flourishing literature on the role of fiscal policy in stimulating demand when the economy is in a deep recession. Past studies suggest the stimulus may make sense if it is temporary, targeted, and withdrawn quickly. However, since the pandemic, there has been a case for going big, when necessary, to prop up expectation, confidence and demand. This was exemplified by Italy’s Superbonus 110%, a generous subsidy scheme to allow the energy-efficient renovation of residential buildings, which emerged as a significant policy response to the economic challenges posed by the pandemic. I argue that the Superbonus, while having a respectable economic aim, ended up impinging on the same sectors supported by the EU-funded investment plan, resulting in significant capacity constraints and misallocation of resources. Its excessive generosity brought a massive deterioration in public finances, while its returns in terms of economic growth were short of expectations. I conclude by drawing some policy lessons from Italy’s experience, on what should be preserved and avoided, and on a possible reinvented role for fiscal policy in deep economic crisis. The paper: https://lnkd.in/dVz2BX85 My previous post on this topic "𝗧𝗵𝗲 𝘄𝗮𝘀𝘁𝗲 𝗼𝗳 𝗜𝘁𝗮𝗹𝗶𝗮𝗻 𝗽𝘂𝗯𝗹𝗶𝗰 𝘀𝗽𝗲𝗻𝗱𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗶𝗻𝗰𝗲𝗻𝘁𝗶𝘃𝗲𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗰𝗼𝗻𝘀𝘁𝗿𝘂𝗰𝘁𝗶𝗼𝗻 𝘀𝗲𝗰𝘁𝗼𝗿" 👇 https://lnkd.in/dRHWR-Pu #superbonus110 #energy #publicspending #italy #germany #solar #wind #politics #subsidies #greeneconomy #green