Oireachtas Joint and Select Committees
Tuesday, 24 May 2016
Committee on Housing and Homelessness
Irish Property Owners Association
10:30 am
Mr. Tom O'Brien:
Rental expenses, as a percentage of income, have not changed since 1993-94 and the Deputy may check the figures. He referred to affordability and rents. Rents are a supply and demand issue and they halved as a result of the circumstances that applied in 2007 when there was too much supply.