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Seamus McGrath

πŸ‘€ Speaker
172 total appearances

Appearances Over Time

Podcast Appearances

Today with David McCullagh
Rents skyrocketed in lead-up to reforms

I fully accept that.

Today with David McCullagh
Rents skyrocketed in lead-up to reforms

And I think there is more the government can do to support renters directly in terms of the rent tax credit, for example, in terms of trying to address the eligibility for social housing so that people can get support there.

Today with David McCullagh
Rents skyrocketed in lead-up to reforms

I accept there is a linkage.

Today with David McCullagh
Rents skyrocketed in lead-up to reforms

It's a temporary linkage.

Today with David McCullagh
Rents skyrocketed in lead-up to reforms

And it is because, as I say, landlords held off in renting out properties when they became vacant.

Today with David McCullagh
Rents skyrocketed in lead-up to reforms

What we undertook, David, was the most fundamental reform of the rental sector in decades.

Today with David McCullagh
Rents skyrocketed in lead-up to reforms

That was necessary.

Today with David McCullagh
Rents skyrocketed in lead-up to reforms

The government didn't just conjure this up.

Today with David McCullagh
Rents skyrocketed in lead-up to reforms

It was based on information that came about from the Housing Commission, a report carried out by the housing agency.

Today with David McCullagh
Rents skyrocketed in lead-up to reforms

We had a dysfunctional rental market.

Today with David McCullagh
Rents skyrocketed in lead-up to reforms

We still have, and it's going to take time to fully repair that and fix that.

Today with David McCullagh
Rents skyrocketed in lead-up to reforms

But ultimately, we have to address the underlying issues here.

Today with David McCullagh
Rents skyrocketed in lead-up to reforms

and we can undertake short-term interventions which do not resolve the issue long-term.

Today with David McCullagh
Rents skyrocketed in lead-up to reforms

We're only putting off further down the road today when we actually have a functioning rental market, when there is availability of properties and when they are affordable to tenants.

Today with David McCullagh
Rents skyrocketed in lead-up to reforms

And the report also highlights the fact that there are only 2,500 properties available, which is the core of the issue here.

Today with David McCullagh
Rents skyrocketed in lead-up to reforms

There is a chronic shortage of supply and that is why the government is focused on increasing supply.

Today with David McCullagh
Rents skyrocketed in lead-up to reforms

So, for example, we have a record €9 billion being spent this year on trying to increase supply under the National Development Plan.

Today with David McCullagh
Rents skyrocketed in lead-up to reforms

one in three euros spent on capital investment will be in relation to housing so that we can increase enabling infrastructure in terms of wastewater treatment, in terms of transportation and so on.

Today with David McCullagh
Rents skyrocketed in lead-up to reforms

Well, Eoin used most of his time there to outline the problem, and we all know what the problems are, but we didn't hear too much in terms of the solutions from Sinn FΓ©in.

Today with David McCullagh
Rents skyrocketed in lead-up to reforms

We all know there are significant issues there, and I think it's very disingenuous of Eoin not to accept that there is a timing issue here.