Oireachtas Joint and Select Committees

Thursday, 10 October 2024

Public Accounts Committee

Financial Statements 2023: Land Development Agency

9:30 am

Mr. John Coleman:

You are absolutely correct, Cathaoirleach. A good way to illustrate that is in January this year we released 620 cost-rental homes on the market on the same day. They just happened to come together at that point. On that same day, there were around 1,300 rental properties available for sale in Dublin altogether on the market. We increased, on that day, the available rental stock on the market by 50%. Unfortunately, we cannot do that every month but you can imagine that if we could consistently do that more and more, it would have a brake effect on the rising rents or maybe even a more moderating effective on rents in the private sector as well.

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