This follows a suggestion from Fine Gael TD Neale Richmond to double the current 10 per cent rate. The Government had previously opposed a Sinn Féin proposal to raise taxes on the bulk-buying of homes earlier this year.

Mr. Harris stated that he had written to the Department of Finance months ago, seeking a review of the issue. He added that changes to taxation are typically addressed during the budget process, and the three coalition parties will decide how to handle the matter in the upcoming Budget on October 1.

He emphasized the importance of keeping the stamp duty issue under continuous review and expressed satisfaction with the Government's efforts to curb bulk-buying by vulture funds. However, he also noted the need for ongoing evaluation of these measures, hoping for progress in the upcoming budget.

Mr. Harris made these remarks while opening the National Rehabilitation Hospital, but Tánaiste Micheál Martin urged caution ahead of the budget.

Speaking in Newry, Mr. Martin expressed surprise at Mr. Richmond’s comments, emphasizing the need for an evidence-based approach. He pointed out that a comprehensive review of stamp duty, commissioned by Finance Minister Jack Chambers, is nearing completion and that it would be prudent to wait for its results before making decisions.

Mr. Martin also warned against a reactive approach to housing policy and highlighted the importance of private sector investment in housing. He called for caution on market-sensitive issues and referred to the Summer Economic Statement as a guideline for budgetary decisions.

Mr. Harris welcomed a Green Party proposal to increase the first child benefit payment from 140 euros to 560 euros as part of Budget 2025. He stressed that the upcoming budget must focus on children, families, and reducing child poverty, aligning with the Government’s broader priorities.

He noted that political parties often make suggestions in the lead-up to the budget, but final decisions will be made collectively by the three coalition parties after discussions with the Finance Minister and the Minister for Public Expenditure and Reform.