Results 141-160 of 50,683 for speaker:Micheál Martin
- An tOrd Gnó - Order of Business (10 Jun 2025)
Micheál Martin: Then there will be the EU Foreign Affairs Council meeting after that and then an European Council meeting-----
- 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.
- Ceisteanna ó Cheannairí - Leaders' Questions (10 Jun 2025)
Micheál Martin: You deliberately-----
- Ceisteanna ó Cheannairí - Leaders' Questions (10 Jun 2025)
Micheál Martin: It is interesting that in the exchange the Deputy acknowledged that it is new tenancies.
- Ceisteanna ó Cheannairí - Leaders' Questions (10 Jun 2025)
Micheál Martin: I have been saying since I came in that existing tenants would not have their rents increased beyond 2% as per the RPZ.
- Ceisteanna ó Cheannairí - Leaders' Questions (10 Jun 2025)
Micheál Martin: The Deputies are interrupting because they do not like the facts. The bottom line in respect of new tenancies is yes, in respect of tenancies where the tenant has left so the tenant does not get exorbitant increases. The balance here is that we need more investment into the market. I know the Deputy does not really believe in that.
- Ceisteanna ó Cheannairí - Leaders' Questions (10 Jun 2025)
Micheál Martin: The Deputy believes it should be the State in its entirety. That is a fundamental difference. I argue that if we were to take the Deputy's policies, we would have no new supply at all. That is a fundamental difference. I acknowledge that. The Deputy does not believe in a market-based economy. That is his position.
- Ceisteanna ó Cheannairí - Leaders' Questions (10 Jun 2025)
Micheál Martin: I happen to believe in a balanced economic framework where you have public sector investment, and we have unprecedented levels of State investment. However, you will need private sector investment to get the level of investment we require. I do not think the State can sustainably spend €20 billion per annum on housing alone. That will not suffice. I do not think the people want...
- 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.