Irish stamp duty issue likely to be resolved soon

05/04/07 - Goodbody Stockbrokers

LONDON, May 4 (newratings.com) - Analysts at Goodbody Stockbrokers say that the issue of real estate stamp duty in Ireland is close to resolution, perhaps within weeks.

In a research note published this morning, the analysts mention that several political parties, including the ruling party, have released their version of the solution. The ruling party’s version suggests removing stamp duty for first time buyers, and increasing mortgage interest relief, the analysts say. Goodbody Stockbrokers adds, however, that with the ECB likely to raise interest rates, any positive effect of the move in Ireland is likely to be offset, leaving the affordability problems in the housing markets intact.