Oireachtas Joint and Select Committees

Tuesday, 5 December 2023

Joint Oireachtas Committee on Housing, Planning and Local Government

General Scheme of the Residential Tenancies (Right to Purchase) Bill: Discussion

Mr. Patrick Davitt:

It could have happened and it probably did happen. It happened on the basis that on the basis that if I was an investor and bought the property, I would know I could change that rent roundabout and bring it up to market rent if I so wished, so I would get as much as the property was worth. In the current situation you obviously cannot do that. If you are renting a property for €1,000 and the same property beside is being rented for €2,000, you cannot put the rent up from €1,000 to €2,000, you can only put it up by 2%.