Local Authority Housing

Dáil Éireann Debate, Wednesday - 12 January 2011

Wednesday, 12 January 2011

Questions (735)

Ciaran Lynch

Question:

786 Deputy Ciarán Lynch asked the Minister for the Environment, Heritage and Local Government the way a market value is calculated in areas where there is insufficient market demand to accurately determine the market value rent; his plans to introduce a minimum market value in such areas and the level of same; and if he will make a statement on the matter. [1342/11]

Written answers

Minister of State at the Department of the Environment, Heritage and Local Government (Deputy Michael Finneran)

In areas where there may be insufficient demand accurately to determine the market value rent for a leasing proposal, housing authorities and approved housing bodies determine a market value for that area using the market rent value of the area of nearest equivalence. I have no plans at present to introduce a minimum market value rent in any area.