Dr. Rachel Slaymaker:

I will come in on the question about the help-to-buy scheme and the experience of the UK scheme. The auditor's report in the UK is clear that areas with the greatest affordability challenges have experienced lower proportions of sales supported by the scheme. That does not suggest that the scheme has been particularly well directed to the areas with the greatest need. The report also suggested that nearly two-thirds of the buyers who availed of the help-to-buy scheme could have bought without it. Almost one-third could have bought exactly the same property without the scheme. It is important to take from that experience that if there were to be a scheme in Ireland, targeting is really important. It needs to be targeted at people who have an insufficient deposit so that the scheme is beneficial. It should be aimed at those most in need.