Mr. Alan Dukes:

My gut feeling tells me that I should not be surprised if I see residential property prices going a bit lower than they are now. I may be wrong. I am no expert and I do not profess to any punditry in this. I read the reports which come from the people who operate in the market. Some of them are saying that residential property prices have bottomed out in Dublin and in some parts of Cork and Galway. When I read these, I ask myself cui bono. I wonder if they are talking up the market in order to generate a bit more money.