Seanad debates

Wednesday, 26 March 2003

Finance Bill 2003 [ Certified Money Bill ] : Committee and Remaining Stages.

 

Only six months ago, we were told that rents in Dublin were falling – some six to nine months after the Minister reversed the previous policy. It is difficult to credit that the market could have been turned around so quickly unless it was managed in some way. I am suspicious of those – estate agents, the CIF, builders and developers in general – who make representations claiming that the market is either in a state of flux, that there is scarcity or whatever. The Departments of Finance and the Environment and Local Government must introduce some method by which an objective assessment can be made. Vested interests have controlled this market for far too long.

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