Stamp duty cut ‘may boost house market’

THE change in stamp duty on houses could help boost housing demand, analysts at Davy research suggest in a note yesterday.

It remains to be seen what impact the changes in residential stamp duty will have, but they do offer a “glimmer of hope to the current depressed market”, Davy’s Flor O’Donoghue said.

For residential property up to now, stamp duty on second-hand housing transactions was exempt up to €125,000 and charged at 7% thereafter.