Oireachtas Joint and Select Committees
Wednesday, 27 November 2013
Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance
Finance (No. 2) Bill 2013: Committee Stage (Resumed)
2:10 pm
Brian Hayes (Dublin South West, Fine Gael) | Oireachtas source
Yes. While supply issues are emerging on the residential side, particularly in Dublin, the same cannot be said about commercial property.
As the Deputy knows, there are buildings everywhere. The objective of this exercise was to give confidence and stability. In his Budget Statement the Minister said he is extending it for one year. He has not made any comment on extension thereafter, nor will I. The objective of this is to move it on for one year. I presume he will examine whether he will extend it. There is a significant oversupply of commercial space throughout this country.
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