Oireachtas Joint and Select Committees
Tuesday, 22 November 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Sector in Ireland: Permanent TSB
2:00 pm
Gerry Horkan (Fianna Fail) | Oireachtas source
There is a perception that with the depth of the crisis the banks did not want to move people out of property and sell property because there was no-one to buy it and the values were so low one would not want to. Clearly the bank's figures suggest that it is not out, as property values increase, to get people out of properties and to sell the properties either with vacant possession or with tenants in the case of buy-to-lets. It is fair to say that the bank is not doing this but there is a suggestion out there that that happens. With the bank's figures I do not think that such scenarios happen.
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