Oireachtas Joint and Select Committees
Thursday, 20 September 2018
Public Accounts Committee
National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report
9:00 am
David Cullinane (Waterford, Sinn Fein) | Oireachtas source
I fully accept the parameters and the constraints. Affordability is obviously the biggest issue. There was actually a very interesting discussing about what contributes to rising prices. Many experts say that supply is only one element and the bigger issue - one of the biggest issues that the State never grappled with - was land speculation. Land is a major driver in driving up the price of houses. Lending was also mentioned as having an impact. It is obviously more than supply but supply is obviously important. In my view affordability is the most important thing. Of those 13,000 housing units, how affordable were they? If the witnesses do not have the figures now, I understand they will send a note to the secretariat about the breakdown of houses into social, affordable and private. I would like a breakdown on the average price.
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