Seán Canney (Galway East, Independent) | Oireachtas source

He said 48,000 units could be built on land available in the greater Dublin area, with an investment of €165 million to get the sites shovel-ready. Is there is an issue with planning permission running out on sites, even allowing for extensions that are currently in place? If planning permission was extended by another three or five years, would more land be available to build on?

I am concerned that NAMA has sold significant land banks and that the purchasers are adopting a holding position and waiting for prices to increase before housing development can commence. I read about one house building company which owns 20% of the land available in the greater Dublin area. It built 15 houses in 2015 and has built 35 so far this year. Does NAMA fear a holding game? Can we flush these people out to get building quicker?

NAMA has a target of a €2 billion surplus by the end of this process.

If there is cash in the bank, could some of it be invested? Who makes that decision? In terms of the €165 million needed to develop this land to make it available, I am looking at ways of trying to get land available so there are no barriers. I do not know if I understood Mr. McDonagh correctly. Is he saying that developers in the private sector might have a profit margin on housing of €20,000 per unit? That is disputed by the CIF. Is that based on the average size house of 1,200 sq. ft or 1,300 sq. ft.?