Oireachtas Joint and Select Committees

Wednesday, 22 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Sean Mulryan:

As I said, and as we have seen from history, it depends on ... it's very ... the cycles are every five, seven years. Land can, we'll say for instance, increase in value by 60%, 70% and it can equally decrease in value by 60% or 70%. That's the way it is.

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