Oireachtas Joint and Select Committees

Wednesday, 17 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. David Doyle:

Well, the Administration of the day were aware that the market had overheated and there was a crazy level of output. The clamour of the day in relation to the higher prices was to try and have some sort of an intervention to make it easier for people to get houses. It was the market that was driving the completions, complete with the zoning, the banking credit, and as I said-----

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