Stamp duty receipts on property up 300% since 2002
28/07/2006 - 13:17:29The Exchequer’s stamp duty receipts from property transactions have increased three-fold in the past three years, according to the Central Statistics Office today.
In its latest assessment of the construction and housing sector, the CSO says a total of more than €2bn was paid over in 2005.
Elsewhere, today's figures also show that mortgage debt has increased from €33bn in 2000 to €100bn in 2005, while the average size of a mortgage last year was €200,000, compared to just over €100,000 in 2000.
Eighty-six thousand new houses and apartments were constructed last year and one-in-eight Irish workers is now employed in construction, compared to an EU average of around one-in-12.
