Irish IAVI Auctioneers blame property slowdown on government
PUBLISHED 26 October 2007
The head of the Auctioneers Institute has blamed the slowdown in the property market on Irish Finance Minister Brian Cowen.
Robert Ganly, President of the Irish Auctioneers and Valuers Institute, said the current stamp duty regime was overcomplicated, and that it and uncertainty over future plans was discouraging mobility within the market.
In his annual address to the Institute in Dublin this lunchtime, Mr Ganly accused the Tánaiste of ‘lacking the courage of his predecessors’ on tax reform.
He also criticised a recent RTÉ documentary on the property market, which he claimed had stoked fears without regard for the consequences.
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