Mr. Patrick Davitt:

We were quite positive towards the changes and amendments. We supported them 100% and we think they are very good. We are delighted that, at last, there seems to be some changes in the RPZs. Going forward, we would like to get more property into the rental market. We can see ways to do that. Some of the ways are to encourage new landlords into the marketplace. We cannot encourage them by continually giving them rent legislation and regulation all of the time. That is not the way to go. The big stick needs to be put away and the carrot needs to be brought out. We need to encourage people into this market right now.

Some of the changes that were made are very important and there are some other important changes that should be made. These include the ending of the historical leases at some time. We have talked about eight- to ten-year periods for this. That should happen. We would be happy to see the period set at ten years. At least, it gives the opportunity to get rid of the RPZs in one way or the other and term leasing. Obviously, that is not from the point of view of a market. There should be some limit to what people can charge in the rental market. We are happy with that but those tenancies should end and there should be a timeframe for people because many landlords are paid well below market rent for properties.