Oireachtas Joint and Select Committees
Thursday, 12 July 2018
Joint Oireachtas Committee on Housing, Planning and Local Government
Cost Rental Housing Model: Discussion
9:00 am
Dr. Larry O'Connell:
With regard to the number of projects, NESC calls for an ambitious programme of flagship projects and not just one. We can provide further details on how rents have changed in Austria. There would be a drop at the end of the line, and it is very important with regard to pensions that people's rents do not stay high. There is a programme of reinvestment and the rents stay stable. At the point when somebody reaches retirement, one would hope the rents would drop and would be significantly lower. Mr. Cahill will comment on the composition.
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