Oireachtas Joint and Select Committees

Wednesday, 17 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

But also, Mr. Doyle, that's also the bricks and mortar of it. That's where the houses actually were. It wasn't just the planning. The bricks and mortar were in different parts of the country where nobody wanted to live. So what we had was an overproduction of houses at the time, it was having an impact upon the economic figures, it was having an impact upon the employment levels. And the question I'm putting to you, and I'm asking for your opinion ... was, in your opinion, a reason for the Government to be very reluctant with measures to cool down the property market?

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