Mr. Robert Mulhall:

These averages are national and there is a skew factor in Dublin. I do not know how much higher it is in Dublin but it gets us past the €220,000 threshold, which has probably been a constraint for first-time buyers in Dublin. There are a number of factors in regard to the macroprudential rules. We welcome the new rules as a welcome relief for first-time buyers who are trying to accumulate deposits while also paying rent and we think this will accelerate the journey for them, making it a welcome initiative for everyone. However, our first decision criterion is affordability. After we assess that, we apply the criteria of loan-to-income and loan-to-value.