Oireachtas Joint and Select Committees

Wednesday, 4 March 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Photo of Joe HigginsJoe Higgins (Dublin West, Socialist Party) | Oireachtas source

A briefing paper from the researchers to the committee indicates the following, "The increasing role of investors and speculators in the residential property market was a source of concern to the Irish Government when it commissioned Bacon's first report." Was that Dr. Bacon's understanding of why the Government commissioned his succession of three reports? He has just told us of his belief that the recommendations put into effect from the first report had a significant impact on house prices. Which measures specifically does he think were effective in reducing house prices?

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