Oireachtas Joint and Select Committees

Tuesday, 22 November 2016

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Banking Sector in Ireland: Permanent TSB

2:00 pm

Photo of Gerry HorkanGerry Horkan (Fianna Fail) | Oireachtas source

My final point is on the Central Bank's restrictions on property lending. The restrictions have been talked about a lot in terms of whether they should be relaxed. What does the delegation think about the restrictions, particularly in terms of the Dublin area because that is where they hit the hardest? An argument can be made that the restrictions have depressed or maintained property values as opposed to letting them run away with themselves as happened in the past. Has the delegation any thoughts on where they should go? Should they remain as they are? Should they be relaxed or strengthened?

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