Oireachtas Joint and Select Committees

Thursday, 16 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Bertie Ahern:

Well, there was no ... I mean, you're correct in was there an anti-speculation tax to stop that? There wasn't but what we had been endeavouring to do from 1997 on was to try to get more land and to try and streamline the difficulties there were to try and get more land built on, not zoned, because there was more than adequate land zoned. But it was to try to get into a situation where we would have more building where we could get supply up. And we were very active in doing that. But because the prices kept going up ... were developers making more money on that? Of course, they were.

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