Mr. Coil?n O'Reilly:

You have land, the design phase, the professional phase and the construction costs. I said earlier that the fundamental worry for us is construction cost inflation. The point I have been making to some people in recent days is that what used to cost €300,000 now costs €400,000 and what used to cost €400,000 now costs €530,000. It is difficult for local authorities to make that work, with the affordable housing fund, to what people deem to be affordable. A lot of times in people's consciousness the figure for an affordable three- or four-bedroom house would be between €200,000 and €300,000. It will be difficult from DCC's perspective to deliver three-bedroom homes at those sort of prices.