Oireachtas Joint and Select Committees

Tuesday, 14 October 2025

Joint Oireachtas Committee on Housing, Local Government and Heritage

Multiple Unit Developments: Discussion

2:00 am

Mr. Sam Doran:

I will add something on finances within the management companies. We have 232 apartments. Our budget is €715,000 per year. Six weeks ago, we were looking at €300,000 in debt. We went after it. We went legal and got €125,000. We have €175,000 in debt, some of which will be carried from last year and things like that. That is a lot of debt on a small budget. The problem we find is that the debt is coming from landlords.

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