Ms Margaret McCormick:

Substantial refurbishment allows for that. If one increases the property rating by seven BER steps, one can go back to market rent. That is available, but moving seven steps on the rating system involves an investment of €30,000 to €40,000 at a minimum for many properties. It is very difficult to do it in many properties. It is almost impossible to bring pre-63 or older properties up to a certain level, for example.