Mr. Brendan McDonagh:

Deputy Butler's questions have been dealt with by the Chairman. There is a common question in there about the cost of building, which Deputy Catherine Byrne also mentioned. The cost of building is the cost of building. The figures we published are not unreasonable. Those costs are for building a house. The cost of building apartments is much higher. Apartments really only work in high-density areas. That is something I would support. The revised regulations in terms of apartments have certainly been helpful. It is not necessarily about the minimum size of apartments because the planning applications we see going in are all for apartments that are bigger than the minimum standards. The real game changer has been the number of cores. That actually allows one to build a better engineered scheme. There are huge sunk costs in apartments which are not necessary, certainly in the city centre. People who live in apartments generally do not want car spaces. What they want are bicycle sheds and perhaps a small gym. We have been involved in some schemes in London which do not have car spaces at all. It dramatically reduces the cost by avoiding the need to put something underground. That is something I hope will be examined.