Mr. Shane O'Sullivan:

We have approximately 440 properties in our stock. We recently appointed a new asset manager and the idea behind that relates to the Deputy's point, to appoint and work with a partner who can sell these properties once they come into our possession on a scale basis and more quickly than heretofore. In recent times that turnaround has quickened. Over the last number of years it has been an elongated process, because in the early days of the crisis access to mortgages was not available. However, time has passed and we are all aware that there are issues with supply. Demand far exceeds supply. The turnaround time, therefore, is getting quicker. I admit that we were slow this year because while we were appointing and tendering for the new asset manager we held our properties until that appointment was made.

I estimate that at this stage it takes about six months to sell a property.