Gerry Horkan (Fianna Fail) | Oireachtas source

To move on to another issue, the Central Bank mortgage rules were implemented and were the subject of a degree of controversy. It can certainly be argued that the rules kept a lid on property prices in certain parts of Dublin at least where the relative rate of increase that might otherwise have been there was suppressed. Does Mr. McLoughlin have any particular thoughts on relaxing the mortgage rules? When and if they are made easier, will it not just drive up property prices so that instead of people being able to borrow €380,000 and buy something for €450,000, they can now borrow €680,000 and the price of a €450,000 home has risen to €750,000?