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)
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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.