Oireachtas Joint and Select Committees

Thursday, 2 April 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Mr. John Moran:

We were registering more as a location for occupiers than investors. We were regarded, at that time, as a pretty good place to do business. We produced a regional growth index across various cities in Europe. Dublin, at the time, was at No. 3 in the regional growth index. That was around 2004-05. It was predicated on things like employment growth, GDP growth, increase in consumer spending, and increase in consumer sentiment. As an investment location, because the yields were so tight, we simply did not feature.

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