Eoghan Murphy (Dublin Bay South, Fine Gael) | Oireachtas source

Yes. What we had previously has been called a loophole, but it is not a loophole but how the law was designed in the first instance. If somebody had a property that did not come under the RPZ because it was a new property, and this was put in place to encourage more investment and more building in the rental sector, not only would it not be captured by the RPZ in the first letting, as it was a first letting it would never be captured. After seeing what is happening in the rental sector, I am of the view that we should be capturing these properties. It is fair enough to come into the sector and set a rent at the market rate from the RTB indices, but after that in any future letting or a rent review it has to be in line with the RPZ provisions. That was described as a loophole, but it was not. It is how the law was written and we are closing that down. It is a further strengthening of the RPZs.