Dáil debates

Thursday, 28 February 2008

11:00 am

Photo of Olivia MitchellOlivia Mitchell (Dublin South, Fine Gael)

Since the collapse of the property market and particularly the collapse in the sale of apartments, more and more builders are taking their apartments off the market and putting them up for rent. They are retaining them in their own ownership, which gives them a vote in the management companies. They now have control of almost all the management companies in new apartment developments and it seems they will have control of them indefinitely. That leaves the ordinary young person, who has tried to buy a home——

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