Results 3,201-3,220 of 5,583 for speaker:Paul McAuliffe
- Joint Oireachtas Committee on Housing, Planning and Local Government: Private Rental Sector: Discussion (20 Sep 2022)
Paul McAuliffe: That will bring it to two Sinn Féin slots and two Government slots. My equilibrium buzz is happy. I will focus on the third theme in my question about why landlords are leaving the markets or, as has been asked, are they leaving the markets? It is interesting that nearly everything we talked about points to the fact that housing is a connected infrastructure. We talked about giving...
- Joint Oireachtas Committee on Housing, Planning and Local Government: Private Rental Sector: Discussion (20 Sep 2022)
Paul McAuliffe: Mr. Davitt has had the chance to air that point. My question is whether they are leaving the market and why.
- Joint Oireachtas Committee on Housing, Planning and Local Government: Private Rental Sector: Discussion (20 Sep 2022)
Paul McAuliffe: Will Mr. Davitt revert to my question?
- Joint Oireachtas Committee on Housing, Planning and Local Government: Private Rental Sector: Discussion (20 Sep 2022)
Paul McAuliffe: So Mr. Davitt is saying 50% of properties sold at the moment are landlords exiting the market.
- Joint Oireachtas Committee on Housing, Planning and Local Government: Private Rental Sector: Discussion (20 Sep 2022)
Paul McAuliffe: Help me understand why they are coming to that decision.
- Joint Oireachtas Committee on Housing, Planning and Local Government: Private Rental Sector: Discussion (20 Sep 2022)
Paul McAuliffe: Not every landlord selling is coming out of a dispute. There are landlords selling not as a selling of a dispute.
- Joint Oireachtas Committee on Housing, Planning and Local Government: Private Rental Sector: Discussion (20 Sep 2022)
Paul McAuliffe: Mr. Davitt is saying a significant portion of landlords who are selling are doing so as a result of poor experiences in the RTB.
- Joint Oireachtas Committee on Housing, Planning and Local Government: Private Rental Sector: Discussion (20 Sep 2022)
Paul McAuliffe: Are they selling because they believe they are selling at a below-market rate because of the rent-pressure-zone limitations on the rental price?
- Joint Oireachtas Committee on Housing, Planning and Local Government: Private Rental Sector: Discussion (20 Sep 2022)
Paul McAuliffe: Are the people in that scenario with active mortgages and borrowings against their properties or are they people who have cleared their borrowings?
- Joint Oireachtas Committee on Housing, Planning and Local Government: Private Rental Sector: Discussion (20 Sep 2022)
Paul McAuliffe: I realise this is anecdotal. For whatever reason, landlords are making a decision to sell. I am trying to get an overall picture of why that is. In part, Mr. Davitt is saying it is because they believe the chargeable rent is below the market rent rate.
- Joint Oireachtas Committee on Housing, Planning and Local Government: Private Rental Sector: Discussion (20 Sep 2022)
Paul McAuliffe: Is it people who are coming with their hands up and saying that they cannot cope with being landlords anymore and that they do not want to be landlords?
- Joint Oireachtas Committee on Housing, Planning and Local Government: Private Rental Sector: Discussion (20 Sep 2022)
Paul McAuliffe: I think Deputy Ó Broin made the point that maybe it is not sustainable for some landlords to continue because they are not able to absorb the administrative burden that comes with being a landlord. Given that we have now made the standards for landlords more professional, is it that some people will exit the market as a direct result of that new administrative level, which many people...
- Joint Oireachtas Committee on Housing, Planning and Local Government: Private Rental Sector: Discussion (20 Sep 2022)
Paul McAuliffe: IPAV represents those involved in commercial property letting as well as people who engage in residential property letting. In the commercial setting, there is a great deal of regulation. For example, if leases go beyond four years and eight months, there is the renewal of business rights, etc. Commercial letting continues to be a productive sector. Can one compare the two markets?
- Joint Oireachtas Committee on Housing, Planning and Local Government: Private Rental Sector: Discussion (20 Sep 2022)
Paul McAuliffe: I appreciate I am over time but perhaps I will put that question to the IPOA. If, similar to commercial leasing, where people who go beyond the five-year period take on a different type of tenancy but it is a tenancy that people have the right to renew, which would give security of tenure, Mr. Davitt is indicating that landlords would be willing to accept that responsibility. Would the IPOA...
- Joint Oireachtas Committee on Housing, Planning and Local Government: Private Rental Sector: Discussion (20 Sep 2022)
Paul McAuliffe: For our report later on, it is worth putting on the record.
- Joint Oireachtas Committee on Housing, Planning and Local Government: Private Rental Sector: Discussion (20 Sep 2022)
Paul McAuliffe: That comes back to my suspicion regarding the conflicting roles that a property owner-landlord has. Such individuals continuously want the flexibility of the asset sale, but there are also the responsibilities of being a landlord. There is a conflict there. I appreciate it but, particularly, the points made on the RTB were not lost on me. I would say that each of these organisations...
- Joint Oireachtas Committee on Housing, Planning and Local Government: Private Rental Sector: Discussion (20 Sep 2022)
Paul McAuliffe: Of course.
- Joint Oireachtas Committee on Housing, Planning and Local Government: Private Rental Sector: Discussion (20 Sep 2022)
Paul McAuliffe: Perhaps that is a message which is not often heard by landlords. Equally, if they were held in a company, the shares in the company could be sold and the tenants would remain.
- Joint Oireachtas Committee on Housing, Planning and Local Government: Private Rental Sector: Discussion (20 Sep 2022)
Paul McAuliffe: I will let Ms Conway make the last point.
- Joint Oireachtas Committee on Housing, Planning and Local Government: Private Rental Sector: Discussion (20 Sep 2022)
Paul McAuliffe: That is a point on which we can all agree. I thank the witnesses for their participation. This has been a constructive meeting.