Mr. Hubert Fitzpatrick:

We are working actively on a committee with the Department of Housing, Planning, Community and Local Government to look at overall housing costs. On that committee are representatives of the Society of Chartered Surveyors, architects and engineers. It is intended that the committee will report on housing costs by the end of quarter 2 and include comparative statistics as to what applies elsewhere. We hope that will produce some findings as to how overall costs can be reduced. The physical costs of building a house are approximately 45% to 50% of the overall cost of a house. That is something of which we are very mindful. We are mindful that all those other additional costs must be addressed in that process.