Micheál Martin (Cork South-Central, Fianna Fail)

Quite a significant number of economists, along with the Housing Agency, are saying that measures taken by this House in 2021 restricted supply, so a lot of people are saying there is a clear need for reform of the rent pressure zones. The vast majority of commentators have said that. The key objective is to protect existing tenants and create certainty so that if someone invests in the future, at a minimum, there is a cap at the rate of inflation as determined by the consumer price index. If we did not have that, we would expect people to invest in the market with the expectation of making a loss. Without question, the whole objective is to create additional supply.

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