Oireachtas Joint and Select Committees
Wednesday, 9 November 2016
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Finance Bill 2016: Committee Stage
10:00 am
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
Under the macro-prudential rules, borrowers must have a minimum deposit of 10% when buying houses priced at €220,000 or less and a higher rate applies when the prices exceeds €220,000. These rules were introduced to try to suppress house prices, which is one of the Central Bank's objectives.
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