I propose, in common with other Ministers, to initiate discussions with a range of professional representative groups in relation to the cost of fees as part of the Government's anti-inflationary package. In particular, my Department will have discussions with the Irish Auctioneers and Valuers Institute and the Institute of Professional Auctioneers and Valuers regarding auctioneer fees or housing transactions. The Minister for Justice, Equality and Law Reform will initiate discussions with the Law Society regarding solicitors' fees.
I am aware that rising house and property prices have meant rising fee incomes for many professionals working in the property area. However, there is competition in the market for the professional services of solicitors and auctioneers and people can avail of savings by exploring the various options open to them. People can obtain better value by shopping around for professional services and should be encouraged to do so. Indeed, I understand that percentage-based auctioneers' fees have decreased somewhat in recent years. Nevertheless, it is important that all professional and representative bodies recognise the need for a sense of social responsibility and restraint in the setting of prices and fees and this will be strongly conveyed to them in the upcoming discussions which will be held urgently.
