Mr. Derek Moran:

I'm not ... and I don't think I'd accept that, you know, the Department's view is house prices just should simply go up or should increase. And I think the sort of initiatives that you're talking about, which is assisting, sort of, the change in funding model for construction going forward is actually about increasing supply and taking the pressure off prices, rather than the other way round. One of the things that has happened out of the crisis is that developers can no longer 100% debt fund development. They need to find a mixture of other funding. So they might be able to raise bank loans for 60% of it but they have to have some equity input as well. And so we organised a, sort of, a conference or get-together to try to bring some of that together, to bridge that financing gap. What you're talking about in terms of the NTMA or the ISIF funding is there are certain things that developers can't get funding for, and it's looking at ... and it hasn't been launched, it's still being examined, as far as I know, at how the ISIF can get in and help with that sort of investment and get a return to the State. So it's actually more about encouraging a supply of houses to actually ease the price pressure where the demand is, rather than the other way round.