Oireachtas Joint and Select Committees
Thursday, 6 October 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Rising Costs of Motor Insurance: Discussion (Resumed)
10:00 am
Gerry Horkan (Fianna Fail) | Oireachtas source
I am conscious that the committee did not ask Dr. Roux about these points. Is Dr. Roux concerned that because it is a percentage of a total amount and if that is relaxed to 10% the house price will go up in an inverse relationship to the extent that, instead of a person having to find 20% of €400,000, he or she has to find 10% of €800,000 or €80,000 either way? There has been a slower rate of increase or even slight dips in Dublin. The people who might have been looking in Dublin have moved to the Kildare, Meath, Wicklow commuter belt because that is the only place they can get their 20% deposit for a house. Is that a concern?
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