Brian Stanley (Laois-Offaly, Sinn Fein) | Oireachtas source

Before we take a break - I think we need one after hearing that - I have one more question. Has there been any analysis of the actual cost of building these three-bed apartments? The cost of building something is made up of the cost of land - and apartments are stacked higher so you do not need as much land - and then labour and materials. There are ancillary costs, such as legal, technical, design and other costs, but those are the three big ones. The HBFI is making credit available for these developments but has it done any analysis of what it actually costs to provide them? I do not claim to have all the wisdom on this but I know from people in the construction industry that apartments can be provided at a very reasonable price. Are there any figures on that?