Oireachtas Joint and Select Committees

Thursday, 2 April 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Photo of Marc MacSharryMarc MacSharry (Fianna Fail) | Oireachtas source

Mr. Moran mentioned that Jones Lang LaSalle does not comment on the future. In July 2007, its then chairman stated that while accepting house prices might fall 10%, the prospects for the following year for commercial property look very promising. At the time, did Mr. Moran believe the assessment by the ESRI that there was going to be a soft landing? Did his clients? To what extent does he believe the comments of his then chairman? I do not know whether or not it is the current chairman, but we are not allowed mention names here.

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