Dáil debates
Thursday, 14 July 2011
Order of Business
11:00 am
Pearse Doherty (Donegal South West, Sinn Fein)
My question is on proposed legislation on upward only rent reviews. I have raised this issue on numerous occasions. Another report, the Jones Lang Lasalle report, has been referenced by NAMA on house valuations. It shows commercial property values reduced in the first six months by 7.2% but legislating for upward only rent reviews will see a further drop of between 20% and 30%, which will far surpass the most adverse criteria used in the stress tests. Is it the Government's intention to abolish upward only rent reviews? If so, will it not acknowledge-----
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