Róisín Shortall (Dublin North West, Social Democrats) | Oireachtas source

I ask the Minister to justify the fact that people are saying they have never seen returns like they can get from the Irish rental market and they feel badly for the Irish people. How can the Minister possibly justify giving those people a 4% year on year increase in rent for the next three years? Has the Minister any defence whatsoever for it? The IRES REIT owns almost 2,500 apartments in the Dublin area alone, and the Minister is adding to the company's bonanza by the insane policy he is pursuing in the legislation.

Other speakers have referred to the formula the Minister has used. Will the Minister confirm that people emerging from rent certainty will face an 8% increase in their rent?

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