K
We’re talking 100s of millions here when it comes to SD or hospital beds and that money has to come from somewhere. The government (whoever is in power) can’t just go filling election promises on a whim without looking at saving somewhere else. This country has to be run on a budget much like most households so a spending spree now without proper planning or just because it would be the populous thing to do might be detrimental to us all in the long run.
I have emailed the fine gael office and they have confirmed that stamp duty would only be payable on the amount over 450,000.
So you think we could be looking at end June / early July for a movement on SD ?
Seriously though, you can see why this is stagnating the property market...why buy now when in a matter of weeks you should save thousands no matter what type of buyer you are.
I agree to a point. Property prices are levelling off for sure, but good properties in desirable locations will not see much, if any of a price reduction.
It's just hard to see why someone would buy a house today when by waiting a matter of weeks they could save tens of thousands depending on their circumstances.
But will they save thousands? What if sellers just up their prices by the amount of stamp duty that was cut.
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