Dáil debates

Wednesday, 22 November 2017

Finance Bill 2017: Report Stage (Resumed)

 

7:45 pm

Photo of Michael D'ArcyMichael D'Arcy (Wexford, Fine Gael) | Oireachtas source

I never question anybody's integrity in this House but Deputy Doherty raised the question of me misleading the House. The figures which I have in front of me are very clear. They show that 53% of properties are less than €300,000 in value, showing that the money is targeted at first-time buyers buying average-price property throughout the nation. The next 30% is between €300,000 and €375,000. While €375,000 does not buy an awful lot where Deputy Boyd Barrett lives, 83% of properties relate to first-time buyers of new properties with very average prices. The figures I quoted were correct.

I accept the advancement of a cost-benefit analysis in 2018 by the Department of Finance.

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