Terence Flanagan (Dublin North East, Fine Gael)

I, too, wish to ask the Taoiseach about the property services regulatory authority Bill. This Bill is necessary to put the national property services regulatory authority on a statutory basis. The authority was set up in 2005 and is costing thousands of euro each year to run, yet it has not been established on a statutory basis. For too long there has been no regulation of property management companies. Meanwhile, apartment owners are being fleeced with fees rising on a yearly basis. There is no accountability or value for money breakdown while people's hard-earned cash is being paid to management companies in management fees. The Taoiseach has held office for a long time and I urge him to move this legislation forward.

See this speech in context