Dr. Kieran McQuinn:

It tallies with what we said in the opening statement, that basically the problem in the housing market currently, as most people would recognise and agree, is one of supply. We clearly need to provide greater levels of supply in the market and we need policies that can facilitate that. Obviously, there has been a fairly significant increase in capital investment in property in the recent years, certainly in the last budget, but we need more of that as we go forward. If the fiscal framework, for example, at a European level can be modified to reflect that and to enable investment in an area as crucially important as housing, it would be very beneficial from the economy's point of view as well as for all those people who might wish to get into the property market.