Mr. Conor O'Kelly:

We are trying to alleviate rental costs because the more houses that are built the better. The supply dynamic is skewed and we need more supply and we need it urgently. People can build houses and apartments to sell or they can build them specifically for the rental market. More people than has been previously been the case want to rent. This is the demographic shift across the world, including in Ireland. Ireland traditionally has not built residential units specifically for the rental market, which is one of the reasons rents are rising and there is tension in the market.