Results 50,501-50,520 of 51,305 for speaker:Micheál Martin
- Ceisteanna ó Cheannairí - Leaders' Questions (10 Jun 2025)
Micheál Martin: I am answering the question.
- Ceisteanna ó Cheannairí - Leaders' Questions (10 Jun 2025)
Micheál Martin: Three points were made. I am going to deal with them. The second one was on institutional investment. Finland is a good example of where institutional investment had a huge impact on house construction and apartment construction.
- Ceisteanna ó Cheannairí - Leaders' Questions (10 Jun 2025)
Micheál Martin: Third, Germany is a bad example-----
- Ceisteanna ó Cheannairí - Leaders' Questions (10 Jun 2025)
Micheál Martin: -----of where the rent pressure controls the Deputies are advocating created a huge decline well below the market rate. There are many tenancies at the moment-----
- Ceisteanna ó Cheannairí - Leaders' Questions (10 Jun 2025)
Micheál Martin: -----well below the market rate. If some tenant exits-----
- Ceisteanna ó Cheannairí - Leaders' Questions (10 Jun 2025)
Micheál Martin: If a tenant exits that-----
- Ceisteanna ó Cheannairí - Leaders' Questions (10 Jun 2025)
Micheál Martin: Ceann Chomhairle, there has been repeated interruption-----
- Ceisteanna ó Cheannairí - Leaders' Questions (10 Jun 2025)
Micheál Martin: If there had not been interruption, I could have dealt with all four points.
- Ceisteanna ó Cheannairí - Leaders' Questions (10 Jun 2025)
Micheál Martin: No it does not.
- Ceisteanna ó Cheannairí - Leaders' Questions (10 Jun 2025)
Micheál Martin: But the Deputies announced that march before the proposal was even announced.
- Ceisteanna ó Cheannairí - Leaders' Questions (10 Jun 2025)
Micheál Martin: That sums it up. The Deputies just change the narrative every time it suits.
- Ceisteanna ó Cheannairí - Leaders' Questions (10 Jun 2025)
Micheál Martin: The bottom line is if you are an existing tenant there will be no change.
- Ceisteanna ó Cheannairí - Leaders' Questions (10 Jun 2025)
Micheál Martin: It is as simple as that. There will be no change if you are an existing tenant, okay.
- Ceisteanna ó Cheannairí - Leaders' Questions (10 Jun 2025)
Micheál Martin: There is no reset at six years for an existing tenant. However, if-----
- Ceisteanna ó Cheannairí - Leaders' Questions (10 Jun 2025)
Micheál Martin: New tenancies, new builds and new apartments that will come on stream, hopefully, because this is about supply. With the greatest respect in the world, if we had adopted half of what Deputy Murphy proposed we would have no supply at all in the market. That is the fundamental difference. We need more apartments, we need more houses and we need more in the rental market. In many...
- Ceisteanna ó Cheannairí - Leaders' Questions (10 Jun 2025)
Micheál Martin: When RPZs came in first, many people did not increase their rents. Quite a number did not. To keep momentum in the market and to keep people in the market, that is a balanced response to the current situation. We want to bring more investment in to build-----
- Ceisteanna ó Cheannairí - Leaders' Questions (10 Jun 2025)
Micheál Martin: It is capped at 2%. The second cap is CPI. Basically, there is a cap of whatever the inflation rate is. The inflation rate is forecast to be 2%, on average, for the next number of years. It is also the focus of the ECB to keep inflation at 2%.
- Ceisteanna ó Cheannairí - Leaders' Questions (10 Jun 2025)
Micheál Martin: If we do not tie it to CPI and freeze it as the Deputy is saying, why would anyone invest in any new apartment block? Why would anyone build a new house or a new apartment for rent if effectively they would begin to lose money within a couple of years? No one is going to make an investment decision on the basis, as the Deputy is proposing, that we have a rent freeze for three years or...
- Ceisteanna ó Cheannairí - Leaders' Questions (10 Jun 2025)
Micheál Martin: We are extending it, making it national and giving stronger protections than tenants had before this package, which will be legislated for, was announced.
- Ceisteanna ó Cheannairí - Leaders' Questions (10 Jun 2025)
Micheál Martin: That is what I said.