Oireachtas Joint and Select Committees

Thursday, 2 April 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

I appreciate that. Ms Hunt went on to say in her statement that would-be first-time buyers who had heeded equally dramatic and incorrect predictions in the past had lost out significantly, which would suggest she was saying they could lose out again. I am struggling to understand why, from the point of view of CBRE, which is not involved in the housing market and has no expertise in that area or in respect of the stress testing by the Central Bank for negative equity that the press release mentions, it came out as one of the most vocal critics of "Future Shock", which predicted correctly a property crash, negative equity and problems in the housing and banking sector. What was the driving force behind issuing such a strong press statement?

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