Oireachtas Joint and Select Committees

Thursday, 23 April 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Dermot Gleeson:

Well, I'm not in favour of immorality or slavery or suffering. So far as your question relates to the issue of the price of building land, I think that there is a serious political and social issue as to how that should be controlled, and the price of building land, and you probably know that building land becomes the object of speculation, and you probably also know that 40 years ago, this very issue was addressed after an increase of 500% in the cost of building land in Dublin between 1963 and 1971.

This is a social resource, it should have some element of, in my view, State control. You can't increase the number of building land ... amount of building land around Dublin. And that issue - that very issue - was put to an expert committee in 1973 ... 1971, reporting in 1973, under the chairmanship of Mr. Justice Kenny.

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