Brian Hayes (Dublin South West, Fine Gael) | Oireachtas source

One of our objectives when we first announced this measure in the budget two years ago was to get to the bottom in terms of encouraging the overhang in the market to move on these properties. There is no doubt because I heard it from people in the industry that the measure had an impact on encouraging transactions, which is all to the good. None of us wants to see the re-emergence of a bubble. The Dublin market has seen an improvement and supply issues will have to be addressed, but I do not see the extension of the scheme as adding to the bubble.