Oireachtas Joint and Select Committees

Tuesday, 24 May 2016

Committee on Housing and Homelessness

Irish Property Owners Association

10:30 am

Mr. Tom O'Brien:

Rental expenses, as a percentage of income, have not changed since 1993-94 and the Deputy may check the figures. He referred to affordability and rents. Rents are a supply and demand issue and they halved as a result of the circumstances that applied in 2007 when there was too much supply.

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