Mr. Richie Boucher:

We think clarity is appropriate when a receiver steps into a contract. We have a big business in the UK, including a buy-to-let business. We are aware of the concept of one-year secure tenancies and the attached obligations and arrangements. A move towards rental properties will become a feature of the market in future no matter what we do as society is moving in that direction. There will be more professional landlords. International companies that specialise in this area see opportunities in Ireland and this is not necessarily a bad thing. Large companies have the capabilities and expertise to meet obligations as landlords because they see the area as a business. To run a business properly they need tenants to pay rent and they need tenants to be comfortable in making such payments. For this to happen such large companies must meet their obligations. I believe the rental system will evolve to include larger entities that want contracts and certainty.