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:
No, I do not think so. When they brought in the exemption of price fixing of the rent caps for new developments, they did not want to hamper new stock coming into the market. That is why the REITs or the new builds are able to price at whatever the market rent is and get a premium for the new builds they are bringing to market. That makes it attractive for them to bring in and build those. As I said, we do not get any of that business. They typically manage it themselves.
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