Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Fine. If I may, Chairman, I have a final question on a separate topic. I wish to ask the Governor about house prices. The latest data from the myhome.iesurvey show that annual house price inflation is 9% nationally and over 10% in Dublin. For newly listed properties, the rate is 5.5% nationally in the first three months of this year and 6% in Dublin. Is the Central Bank concerned by what we are witnessing in respect of new house prices? What are Professor Lane's views now in respect of the help-to-buy scheme? In the context of the changes that were made to the mortgage deposit rules, what is the Central Bank's current assessment of house prices, their sustainability, and whether we are heading towards another bubble?