Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

This committee should pay attention to concerns that have been raised. It is to be hoped that we will not be poring over this transcript in ten years time and saying Mr. Byrne said this and gave us all these reassurances. However, individuals and organisations have raised concerns about what has happened in the market. For example, the OECD expressed concerns in a report in June about a potential bubble. The tax strategy papers of the Department of Finance speak about commercial property and the risks to the market if these funds were to quickly leave the State. Other individuals and economists would make the same arguments. I am very concerned, particularly about the commercial property market, given the level of increase we have seen in the past number of years. While there are different ingredients, factors and reasons, does Mr. Byrne share any of those concerns that we could see a sudden drop in commercial or domestic property prices?