Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

That means that, at the minute, if a person is renting a house and paying €3,300 per month, he or she is not subject to this stamp duty, and the Minister believes that level is too low. I know rents are out of control but this again is following the serious policy we have in terms of runaway rents and all the rest. However, these are rents that at present are at €3,300 and there is no stamp duty, and now we are increasing it to €50,000. What is that a month? It is about €4,000 a month in rent. The Minister said that only high-value houses would be subject to the stamp duty. Are there many properties out there that are not high value that have rent of €3,500? The average rent in Dublin is about €2,300. It is an example of how bad things have become in a very short period of time.