Kieran O'Donnell (Fine Gael) | Oireachtas source

My next point is slightly unrelated. An issue that has become a feature, particularly in the past six months, is the level of concentration of property within the control of vulture funds or whatever one wants to call them. I can only speak from my experience in Limerick. If property comes up for sale in a large block of apartments or the like, in most cases it will be under the control of what people out there would call a vulture fund. I have heard anecdotally that if this is happening in Limerick, which we regard as the real capital of Ireland in rugby terms, it is probably even more pervasive in Dublin.

In terms of the stability of the market, does Professor Lane, as Governor of the Central Bank, have concerns about such a large concentration of control of property being within the ambit of the vulture funds? I do not know whether the Chairman has encountered this, but dealing with people who are in rental properties under the control of the funds has become a recurring feature of our work. There are serious concerns in this regard. I felt that I had to raise this issue today. What is the Governor's view?