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Stamp Duty up almost 8% in the last 12 months

mathie · 2010-12-03 11:43:09

http://www.finance.gov.ie/viewdoc.asp?DocID=6604&CatID=5&StartDate=1+January+2010&m= Anyone know what is going on here seeing as all reports indicate a downward trend in commercial and private property prices in the last few years?

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03-12-2010 12:43pm

#1

mathie

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http://www.finance.gov.ie/viewdoc.asp?DocID=6604&CatID=5&StartDate=1+January+2010&m=

Anyone know what is going on here seeing as all reports indicate a downward trend in commercial and private property prices in the last few years?

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#2 03-12-2010 12:53pm
Jo King

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The prices are one factor. The number of transactions is another. If prices decline but the volume of transactions rises the overall yield will increase.
E.g. If prices fall by half and the number of transactions quadruples, the overall yield will double.

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#3 03-12-2010 1:18pm
JoeyJJ

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Plus everyone and their dog (apart from a few like me) have used up their FTB no stamp priviledge so the next transaction has stamp attached.

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