Construction industry welcomes stamp duty change

The Construction Industry Federation has welcomed the Minister for Finance’s decision to reform stamp duty and the Government’s commitment to spending on infrastructure.

Tom Parlon, director general of the CIF said: "This is a positive move by the Minister and one that, in conjunction with other developments and the good value now in the market, should help to re-activate transactions and also help keep investment in Ireland. The measure should also ensure additional revenues for the State next year from the property and construction sector.