Ms Caren Gallagher:

I will go through the Deputy's questions. I hope to provide some insight. Regarding the estimate, we are going to publish the methodology so as to be open and transparent. As the Deputy rightly noted, we have not published registration data - the global figures on the private rented sector - since the end of 2020. At that point, the number was approximately 300,000.

We had to do an estimation for two reasons, the first of which was the change to the renewal period from four to six years. Inactive tenancies that would have been removed from our system after four years remained on the system. In 2021 and 2022, there were essentially no tenancies for renewal, notwithstanding the introduction of annual registration, so the inactive tenancies stayed on our database. There is a requirement for a landlord to inform us, but landlords do not always do so. It is important to note that, since the introduction of annual registration, we have been writing to every landlord asking that the landlord renew the tenancy, should it still be active. We are in the first cycle of that process. I do not know if I can go into more detail, but we used the proportion that would have been renewed in 2021 and, with visibility of some level of the inflation of the figure, applied it.