Mr. Eddie Taaffe:

We have been involved in this and I will differentiate between two types of land. There is land that local authorities own and which is in the pipeline for construction, so there might be planning permission on it but there has not been construction yet. It is in a pipeline and it is scheduled to deliver housing, for example, in 2023 or 2024. We estimate that throughout the country land for approximately 25,000 units is in a pipeline and committed to a project. There is also land that is not committed in a pipeline but may well be suitable for housing if something happens, such as, for example, if a new piece of road infrastructure or Irish Water infrastructure were to be put in place. We are trying to quantify this at present. We do not believe there is a significant amount of land in this category. It could be in the order of another 5,000 to 10,000 units. The important point about land is that we need to start buying it this year and next year if we are to deliver housing on it in 2024 or 2025. However, there is nothing like the order of land available to deliver 100,000 units over the next three years. We have to start buying land again because of the lead-in time required to identify land, get it serviced in some cases, go through the planning and procurement processes and then deliver housing on it.