Mr. Patrick Davitt:

From an auctioneering point of view, I totally agree with Deputy Durkan. It is fantastic. The more people who want to buy houses, the happier auctioneers are, so if everybody wants to buy a house, that is great. However, we have to take into consideration that many people are moving and younger people are probably moving out of houses a lot earlier than they did previously, so they are renting before they buy. That scenario is perhaps an Irish thing in its own right. At the end of the day, if housing is at the right price, it is great that everybody should have a house and we have been saying this for a long time. Home ownership has fallen from more than 80% to 62% or 63% at present, as the Deputy knows. If that continues to fall, we will have a nation of people renting and only the very few will own their own property. I agree in many ways but renting is important as well.