Budget 2008
December 6, 2007
Dull and terribly predictable, wasn’t it? Will he, won’t he tinker with stamp duty to try and get things moving again? Of course he will. It may be a little too late for some of their buddies. At least these changes have removed the final excuse that has been bandied about by the vested interests who are this morning welcoming the ‘reforms’.
It is worthwhile noting the speed at which media sentiment has turned as regards property. For example, the Irish Times (a significant vested interest itself) has moved in little over a month from
The price of parking spaces in a new boutique scheme of apartments puts Dublin on a par with Manhattan, writes Property Editor Orna Mulcahy [1 November 2007]
to
It took a long time for some house sellers to realise that the market has changed, and now they’re counting the cost, writes Bernice Harrison [6 December 2007]
That’s Ireland has done some number-crunching on the budget which helps to put some of the changes into perspective.
