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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: Existing tenancies are capped and will remain capped at 2%.

Ceisteanna ó Cheannairí - Leaders' Questions (10 Jun 2025)

Micheál Martin: Yes, that is what it says.

Ceisteanna ó Cheannairí - Leaders' Questions (10 Jun 2025)

Micheál Martin: Deputy Ó Broin will have a chance later. The fundamental objective is twofold: policy certainty and protection for renters and increased supply. I respect Deputy O'Callaghan's commitment and interest in this, but he and his party have been very weak on the supply side. All of its proposals over the past three years, cumulatively, would reduce supply and do nothing to increase it. We...

Ceisteanna ó Cheannairí - Leaders' Questions (10 Jun 2025)

Micheál Martin: The involvement of the State is enormous. It has to be balanced and supplemented with significant private sector investment. This is just one measure. On its own it will not do it. It will need to be accompanied by other measures. Last week, we took a decision to legislatively roll over planning permissions that might have been delayed by judicial reviews to keep supply going. It has to...

Ceisteanna ó Cheannairí - Leaders' Questions (10 Jun 2025)

Micheál Martin: First, the one proposal the Deputy's party has come forward with is the savings incentive scheme.

Ceisteanna ó Cheannairí - Leaders' Questions (10 Jun 2025)

Micheál Martin: I will answer the question.

Ceisteanna ó Cheannairí - Leaders' Questions (10 Jun 2025)

Micheál Martin: The scheme the Social Democrats came forward with would take years to accumulate the funding for investment. It would not produce a single house over the next three to four years.

Ceisteanna ó Cheannairí - Leaders' Questions (10 Jun 2025)

Micheál Martin: In respect of Finland, the Deputy is correct.

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