Mr. Rupert Maddock:

I want to concentrate on one area. The long-term objective is to change the mindset regarding living in towns and villages. Particularly in rural areas, there is this concept of having a front and back garden, and we want to try to swing that across to something that makes towns and villages attractive, for example, where people are close to services, the buildings themselves can be very attractive to live in and people do not need to be a taxi service driving their kids around. In that regard, we had a meeting with an auctioneer who gave us grounds for optimism that there would be a market for residential units in towns and villages.

The other point is that the only realistic option for use in Cappoquin is primarily residential in the long run. As was mentioned earlier, the pubs are going and a lot of the commercial sector is leaving, but if it was largely residential, that would drive some local services. Our study has shown that affordability has to be addressed. We largely found that the sale price of the property only covers the development cost and when this is added to the acquisition cost of the property, it does not match the sale price of the property.