Sean Barrett (Independent) | Oireachtas source

I welcome Ms Hunt and thank her for the material that she sent us.

At the end of the first paragraph on page 3 she stated. "Irish CRE generated average ungeared total returns of over 16.4% per annum in the period 1976 to 2006 (proving that commercial real estate is a long-term investment)". A percentage of 16.4% was sustained for 30 years which leaves me wondering did we bailout the wrong sector. We had a hugely valuable commercial investment for 30 years.