Mr. Brendan McDonagh:

Residential units are delivered at whatever price the person wants to sell them at in terms of the market value. Before I came here today, I looked at Glenveagh Properties, Cairn Homes and the NAMA debtors in our portfolio and noted that the prices per unit across all three - which we could say are the three biggest contributors to housing in this State - are very close together, the average being just over €300,000. It depends on the market value in the particular area. Obviously, the sale price in some areas is less than that in others, but the prices are all at market value.