Oireachtas Joint and Select Committees
Tuesday, 11 October 2022
Joint Oireachtas Committee on Housing, Planning and Local Government
Implementing Housing for All: Discussion
Mr. Coil?n O'Reilly:
It is timing. Things have changed dramatically in the market since April, as the chief executive said. Since I returned from annual leave after the summer we have had ten to 11 approaches from people with properties who are looking to talk to us. That was not happening before the summer. The market has changed. Thinking back to April, we were in a position where the war in Ukraine had begun. There was an awful lot of flux around trying to deal with the initial humanitarian crisis. That has settled but the reality is that this may be quite a long situation with interest rates and global markets. That has all changed really quickly. Even the percentage interest rate increases have changed. Hopefully, if we can get the approach to the market correct, we will see an uptake and hopefully we will see delivery of the units based on that.