Dáil debates
Wednesday, 3 December 2014
Ceisteanna - Questions - Priority Questions
Housing Data
10:00 am
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source
Rents in Dublin have risen in the past year by 17% and by 8% and 7% in Cork and Galway, respectively. They are spiralling out of control. This is related to the concentration of wealth that I mentioned and, specifically, the increasing concentration of commercial residential property in the hands of big corporate investors. It demonstrates the folly of the big sell-off of many NAMA properties and other residential property and loans to the big corporate interests that do not give a damn if people are priced out of the market as long as they can make money.
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