Oireachtas Joint and Select Committees
Tuesday, 5 December 2023
Joint Oireachtas Committee on Housing, Planning and Local Government
General Scheme of the Residential Tenancies (Right to Purchase) Bill: Discussion
Paul McAuliffe (Dublin North West, Fianna Fail) | Oireachtas source
The next question is whether it prevents people from selling at the market rate. I take on board the points about showing the property and achieving the best market rate, and the idea that vacant possession may provide a slightly larger amount. I think on balance, looking at the Bill, and we quizzed the Department on this, it allows people not only to achieve the market rate but actually allows landlords to achieve the market rate much quicker than they otherwise would. They can secure the price of the property much sooner than if they were to go down the route of vacant possession. It facilitates landlords in achieving much more quickly the rate that they would otherwise have achieved. For those landlords in financial difficulty, this speeds up the process, allows the sale to happen and allows it to be done more quickly. They achieve the market value. Do the witnesses accept that is one benefit of the scheme?
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