Mr. Coil?n O'Reilly:

I might take that question. We do not have the specifics of the figure. In Dublin City Council, we know how many inquiries we had, but inquiries could come from the tenants as well. We had 322 inquiries which may have come from the tenant or the landlord. That has progressed to just over 208 in a process.

To answer the first part of the Deputy's question around the timeline, back in April when it was first announced, it was a trickle. We were not getting big numbers in. That increased a little bit towards the end of the summer and it continues to increase, but we are not getting thousands. The number 400 for 2023 for Dublin City Council looks like it should be just about what we need.

What is the reason for the timeline? It is like any process. We have to go through the correct due diligence, the acquisition of a property, the legal checks on ownership of the property and the inspection of the property to make sure it is up to specification. Then we enter into negotiation with the landlord around the valuation, and engage our own valuers in Dublin City Council to provide a valuation for that property. Then we will engage with the landlord. Finally, you get into the legals and contracts, the back and forward, and deposits. It takes a period time to do it correctly and to make sure it is done right. At the moment, I think three to four months is the average time, from the start to the end point.