Oireachtas Joint and Select Committees

Thursday, 20 September 2018

Public Accounts Committee

National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report

9:00 am

Photo of David CullinaneDavid Cullinane (Waterford, Sinn Fein) | Oireachtas source

This sale crystalises an approach and a mindset of whether we really understood what was going on in the market, the housing crisis and how it can be resolved. Many would argue that socially it would have been much better had the properties been sold to individuals rather than selling them on to an entity that would become a huge private landlord which would make money on the back of people. Essentially, people are stuck in private rented accommodation and this is driving up the price of rents rather than selling the units off as individual apartments.

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