Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

REITs currently own 3.1% of Dublin apartment stock and 1.9% of the national apartment stock. When I was referring earlier to the purchase of apartments, I did not say that all of the apartments they purchased were built due to the presence of REITs but I believe that some are. The reasons we have REITs in place here is that they play a role in having landlords of scale within the property market. I will continue to look at how they are taxed to ensure that we are taxing them effectively and fairly. I have made changes within this area in the past to demonstrate that but no further changes is merited now.