Oireachtas Joint and Select Committees

Tuesday, 2 April 2019

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion

Photo of Rose Conway WalshRose Conway Walsh (Sinn Fein)
Link to this: Individually | In context | Oireachtas source

Let us say we are at the top of the housing market now or we are very near it. It is overheated. A firm might make a business decision on that. If it owns a lot of properties that are highly valued, in light of the impact of Brexit, etc., it may project that housing prices will fall. It may make the decision to sell, which could lead to a lot of repossessions. Could that happen? Mr. Tobin is very certain about repossessions.