Seanad debates

Wednesday, 17 April 2013

7:25 pm

Photo of Sean BarrettSean Barrett (Independent) | Oireachtas source

There must be no evictions from buy-to-let properties. The landlord can sell on the property to someone else, but the tenants should be allowed to stay and pay rent to the new landlord. Let the landlord take the capital loss. That is happening in the case of hotels up and down the country, some in County Kerry and others in County Mayo. Hotels have dropped in value, from €40 million down to €10 million and €3 million. The people living in these houses must be protected, a point on which I completely support Senator Aideen Hayden. We need further action by the banks and the public interest directors. The finance committee was not able to find out what they were supposed to be doing.

I am delighted to share time with Senator David Norris.

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