Oireachtas Joint and Select Committees

Tuesday, 13 November 2018

Joint Oireachtas Committee on Housing, Planning and Local Government

Impact of Brexit on Ireland's Housing Market: Discussion

11:00 am

Photo of Eoin Ó BroinEoin Ó Broin (Dublin Mid West, Sinn Fein) | Oireachtas source

To return to the mitigation measures, Professor McQuinn stated that if one of the consequences of these risks is a reduction in private sector supply, it may be prudent for the State to increase its delivery. As he knows, Rebuilding Ireland is to deliver 136,000 social tenancies over its lifetime, of which 40,000 will be properties built or bought by local authorities and approved housing bodies, 10,000 will be private sector units leased over the long term and 86,000 will be private sector units leased over the short term. That means that 71% of these tenancies will be in private sector units. Given what Professor McQuinn outlined in terms of the risks, would it be prudent, particularly over the next two or three years, to revisit the 71% to 29% private-public split in Rebuilding Ireland to take account of the possible negative impact of Brexit on private sector output?

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