Mr. Brendan McDonagh:

I have a bit of generic information that might be helpful to the Deputy, which is not just about NAMA but about the whole market. The Deputy is talking about these funds coming in and buying up apartment blocks. Somebody mentioned to me recently that there are nearly 2.25 million residential properties in the country. If we add together all of what these major funds have bought in Ireland to rent out in what we call the private rental sector, it is probably about 5,000 units, or 2% of the housing population.