Written answers

Tuesday, 20 February 2018

Department of Finance

Banking Operations

Photo of Jackie CahillJackie Cahill (Tipperary, Fianna Fail)
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138. To ask the Minister for Finance his plans to introduce legislation or regulations that would encourage the mainstream banks to make residential properties that are in their ownership available to the market to reduce the shortage of housing (details supplied); and if he will make a statement on the matter. [8070/18]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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The sale of residential properties in bank ownership is a matter for individual commercial banks.

I understand that the Housing Agency which is under the remit of the Minister for Housing, Planning and Local Government is currently assessing the suitability of a number of empty properties which are being offered to the State for purchase as social houses by banks and private equity funds. 

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