Pearse Doherty (Donegal, Sinn Fein)
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I agree 100% with the rates. I have no problem in that regard. I believe we should have done this last year because in my view there is a bubble emerging in commercial property, particularly around Dublin. The amount of commercial property that has flipped over the last number of years is unbelievable. It amounts to one third of the centre of Dublin. There is potential for over-heating in this area, as outlined by the Department of Finance in its tax strategy paper. I agree with the rate increase.