Mr. Patrick Davitt:

As the Senator is probably well aware, prices in the housing market in Dublin are back to where they were in 2007, or close to them in many areas, if not in every area. The index is back, which is the big thing, though not all prices are back. The model the Senator is speaking about will not have a huge effect on the market because of the number of properties for sale. Whether it is a buyers' market or a sellers' market will depend on the proposition one is speaking about. It is a sellers' market at the moment and I do not think it will have any effect on the price of property at all.