Oireachtas Joint and Select Committees

Thursday, 2 April 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Mr. John Moran:

I do not necessarily favour rent control legislation in the manner of the Rent Restrictions Act but I favour when a market rent is set, it is set for a reasonable duration and escalates by the inflation rate. That is fairer for everyone and creates a more sustainable model. Putting on my foreign direct investment hat, which we wear because we are trying to encourage business into the country, ultimately that will be beneficial for occupiers and ultimately beneficial from the ownership perspective because people know the kind of income they would receive.