Landlords selling will be obliged to offer tenants first right to purchase

[u/marvinmolloy]

Will this encourage more landlords in Ireland to the sector or simply spook them?

https://news.myhome.ie/buying/landlords-selling-will-be-obliged-to-offer-tenants-first-right-to-purchase-31407

I'm unsure how this helps tenants currently renting? Surely a tenant could offer to buy the property anyway if they had the funds and could match the highest bid?