Mr. Michael Kerrigan:

I wish to come in on one of the last points raised. Mr. O'Brien said that without the rent caps we would not have seen such an increase. I do not believe that. We have seen a 7.8% increase in the price of rent in Dublin and 7.1% across the country. The increase is significantly higher for student accommodation. Rent caps have helped in some way. We need only look at the purpose-built student accommodation that has not necessarily been seen as operating under the rent caps. We have seen a 27% increase in student accommodation in DCU and 18% increase in student accommodation in NUIG. The rent caps are not perfect, but, believe me, they are better than nothing.