378. Deputy Eoin Hayes asked the Minister for Finance the monitoring measures his Department will take in assessing the ongoing impact of the new VAT reduction on new apartment sales from 13.5 % to 9 %; and if he will make a statement on the matter. [61048/25]

Given the centrality of housing to the achievement of Government’s wider societal and economic goals, the Department of Finance closely monitors all aspects of the housing market including building activity, the labour market, costs and prices. Department officials will continue to closely monitor developments in the housing market, including in relation to new apartments.