Oireachtas Joint and Select Committees
Thursday, 28 May 2015
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Overview of the Banking Sector: Central Bank of Ireland
2:00 pm
Arthur Spring (Kerry North-West Limerick, Labour) | Oireachtas source
That is exactly where we are at; it is unfair to customers. The biggest financial commitment the average person will make in his or her life is for a house. Currently, supply is not keeping up with demand. Rents are going out of control and lack of availability, particularly of family houses, is making it very difficult for my generation to find sustainable housing. If the Central Bank's job is to protect the consumer and if the banks are not providing enough funding for housing supply to meet the demand by developers to buy sites and build houses, should it not act?
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