Mr. Michael Walsh:

It is worth making the point that, generally, people will be attracted to the subsidy of €75,000 and can get the help-to-buy scheme relief of €30,000. The reality, in simple terms, is that €100,000 or €105,000 can be taken off that price. One can argue whether that is affordable. There certainly should be a sufficient cohort of people with that type of wage rate to be able to afford such a mortgage in Waterford. I cannot speak for Limerick.