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Dáil
‹ Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation

Rented home bidding wars

Summary

Deputy Bacik described a constituent being asked to bid against other tenants and said it reflected a broken housing system. The Minister called such bidding wars completely unacceptable and said the Government must examine why small landlords are leaving the market.

Yesterday I raised a constituent’s story with the Taoiseach. While searching for a rented home, my constituent was invited to participate in what he described as a bidding war. The landlord was asking prospective tenants to indicate how much they were willing to pay per month in rent. I am not suggesting that is representative of all landlords by any means but this shocking example is a consequence of a broken housing system, a housing disaster as our President recently described it. My offices and those of my Labour Party colleagues are inundated with people looking for help with housing who cannot afford to get a home, who are languishing on the housing list, people facing eviction and rent increases, older people who are very frustrated because their adult children in their 20s and 30s cannot afford to move out of the parental home. Yesterday during Leaders' Questions, the Taoiseach invited me to provide suggestions from the Opposition. I am happy to give some. Will the Government incorporate our renters’ rights Bill into Government legislation and will it adopt a rent-to-buy scheme?

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I thank the Deputy. Any example of a landlord asking prospective tenants to become involved in a bidding war and say how much they are willing to pay to outbid each other is completely unacceptable. It is not something the Government believes should be happening in the market. We are in a situation where, increasingly, small landlords with one, two or three properties are leaving the market. We have to examine the reason they are leaving the market when rents are so high. There are some reasons for that and the Government is going to have to seek to address them. The Minister, Deputy Darragh O’Brien, has already brought forward several Bills on the rental market and I know he is planning further measures.

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