Mr. Michael O'Flynn:

Well, the first thing one should try and figure out, what does the market need? We should only ever be supplying market needs. There was a lot of market needs that never existed that people were trying to supply. At this moment in time I'm extremely worried about the supply of houses and the supply of buildings for industry. I am worried because, whilst I've read the Government's 2020 programme, and it's quite good, it says a lot of things, I don't see much implementation attached to it.

I see a mismatch in terms of the funding for the industry. There's a serious funding problem out there for the industry. Everyone talks about we need all these houses, we need buildings, we need everything. But, to actually address the issues, someone needs to do something about it and I, I can see prices again being driven ... I think the ... I think the, the cost associated with building, the development charges, you know, we need proper regulations, and I'm all for that but some of the standards being applied by local authorities are just not necessary and are, are not what's needed in a recovering scenario. Having said that, I'm not against, the regulations are essential. I'm just talking about the extra cost being put. Development levies need to be looked at ... the whole planning area is taking for ever. We have to get real about planning in this country if we're talking about playing catch-up on what's needed in terms of housing and FDI. We're lucky that one of the pluses of the ... of that period is that we'd a lot of buildings where a lot of housing of jobs took place, but they're running out. We, we have the ... trying to fund speculative development, Deputy, is next to impossible, even in, even in this greater area in ... the greater Dublin area.