Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

Let me finish, please. They play a role in purchasing apartments up front. The Deputy said that. What that enables developers to do is to have confidence that they have already pre-sold a certain share of the apartments they are going to build. That gives them the confidence they need to build the overall development. This is not an ideological view. Rather, it is the reality of what is happening. If someone is building a large set of apartments, knowing that he or she will be able to sell a share of them to a single buyer, which would then use those for rental purposes, that gives the confidence for certain projects to go ahead. This is the reality of what is happening for those who are looking to fund a large number of homes in a small open economy that will in future have two banks-----