Oireachtas Joint and Select Committees
Wednesday, 27 November 2013
Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance
Finance (No. 2) Bill 2013: Committee Stage (Resumed)
2:20 pm
Ciarán Lynch (Cork South Central, Labour) | Oireachtas source
This is the nub of it. I may have a different view to Deputy Doherty on property prices. I may have the view that properties are at their proper price. Cork city three bedroom properties are around €140,000 to €160,000, three or four times the national industrial wage. Are they at the right prices or at the bottom? I suggested earlier that this must become the benchmark we put the lights on and if such properties go outside that scope, we need to examine incentives like this. I do not agree that property prices are at rock bottom. They are at their real value.
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