Oireachtas Joint and Select Committees

Thursday, 17 November 2022

Public Accounts Committee

2021 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Finance Accounts 2021
2021 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2021
Chapter 2 - Net Cost of Banking Stabilisation Measures
Chapter 22 - Ireland Apple Escrow Fund

9:30 am

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

Briefly, does Mr. McCarthy have a concern about the cumulative effect of the various schemes such as the concrete block levy, the increase in interest rates internationally and the change in borrowing rules from 3.5 times a person's gross income to four times? I put this question to the Secretary General. Does Mr. McCarthy foresee those factors pushing up house prices in a market where houses are scarce and where we are not producing the numbers of homes required? Does he agree that when we mix all those ingredients together, it runs a serious risk of driving house prices by a further 10%, 15% or 20% in the near future?

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