Mr. Patrick Davitt:

That is very important from the point of view of agents as well. If a tenant is able to offer the market value of a property to a landlord, however it is, even if they are paying less rent for the property themselves, that deal would still be done. That is if they are able to offer market rent or market value for the property. For instance, if you are renting a property for €1,000 and you were able to pay the market value of the property if it was fully rented to the landlord, why should they not do the deal? I believe it is happening all the time. I do not see why they would not be able to do that. It is only when you offer below the market rent of a property on the basis of a yield that the landlord would decide not to sell the property. That is the only reason. The landlords would then look for vacant possession of the property to get the full value of it.