Oireachtas Joint and Select Committees

Tuesday, 24 May 2016

Committee on Housing and Homelessness

Irish Property Owners Association

10:30 am

Photo of John CurranJohn Curran (Dublin Mid West, Fianna Fail)
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Before the delegates reply, to summarise, their presentation dealt with tax exemptions for long-term lettings.

A number of Deputies addressed that issue, particularly around rent regulation and rent certainty, as well as the other side of the issue. In cases of long-term lettings, one of the problems the committee has found is that when a property goes on the market, it is sold vacant, whereas if it is a commercial property, it tends to be sold with a sitting tenant. What are the witnesses' views on that? If a property is sold with a five-year tenancy, ten-year tenancy or whatever, it should be sold with the tenancy being allowed to continue to its natural conclusion. The sale of these properties is causing huge problems because, invariably, the properties are being sold vacant. That is a summary of some of those issues.