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

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

If I may, I will finish the point. What the Minister is doing in legislation is basically setting a ceiling for starter home prices across the State by allowing people to benefit by up to €20,000 when buying a property costing below the ceiling. This means prices can rise to the level of the ceiling, which is wrong because it will encourage a faster rate of increase in house prices.