RTE 1 O’Clock News: Housing crisis and what can be done in the budget to help

Today on the 1 O’clock News on RTE Radio 1 we were asked to consider things which the budget could do to help achieve some stability in the housing market.

We echoed the Construction Industry Federation for a call to end ‘Part V’ contributions as this is a 20% tax levied only on new homes which is meant to provide for social housing. This is a mistake, social housing is a society wide responsibility and should not be put only on the shoulders of new home buyers.

Other ideas included ending development levies and dropping the VAT rate while also being mindful of the rented sector.

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RTE Primetime, 5th April 2011 on Housing

Primetime RTE, 5th April 2011- on Tax Relief for Mortgages from Irish Mortgage Brokers on Vimeo.

We were delighted to take part in the studio portion of Primetime on Tuesday the 5th of April, covering housing and the problems of the indebted, the package beforehand was presented by Donogh Diamond while Richard Crowley was in charge of the studio section. The guests were Brian Hayes (FG), Michael McGrath (FF) and Karl Deeter of our own firm.

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