Oireachtas Joint and Select Committees

Wednesday, 17 January 2024

Committee on Budgetary Oversight

Residential Premises Rental Income Relief and Mortgage Interest Relief in Budget 2024: Discussion

Mr. John Kennedy:

In hindsight, no.

It is too much. The landlords are our clients. We are acting for the landlords. The sentiment that is coming back from them is that they have been subjugated. This was supposed to give them some sort of an olive leaf to bring them along and encourage them not to leave the market because if they do, rents are going to go even higher because there will be less supply. This was brought in to try to mitigate landlords leaving the market. As Mr. Hall said, the small subsidy per landlord is very small. As to whether people outside the rent pressure zones should get a subsidy, maybe that was missed and should have been considered. That does not mean the whole thing should be scrapped, however. I do not know in that regard. I think something drastically needed to be done for landlords in that regard.

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