Oireachtas Joint and Select Committees
Wednesday, 4 March 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Dr. Peter Bacon:
The investors. If an investor goes from a situation where he can offset interest costs against rental income to a situation where he cannot, he is feeling it where it hurts: in his pocket. Many people within the industry were pointing to the side consequence of the measure, namely, that the rental sector was becoming tighter and that rents were increasing.