Oireachtas Joint and Select Committees

Tuesday, 26 January 2016

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Banking Sector and Central Bank of Ireland: Discussion

3:50 pm

Photo of Sean BarrettSean Barrett (Independent) | Oireachtas source

There is a report in the Financial Timestoday stating the factor of house prices to average incomes in Hong Kong is 19. I think the factor in Ireland at the top was 12. There was the era during which houses cost 2.5 to four times average income. Would this be a goal to help us to solve a lot of our housing problems? I am worried about excess credit growth causing bubbles.

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