Mr. David Browne:

I was interested in the Mitchell McDermott report. It costed an Irish semi-detached house and an Irish apartment in the five different cities. They all came in at a similar price. The price differential between what comes to market here and what comes to market in other countries is due in the first instance to the space standard, but also the idea of giving people a grey box without floor finishes, kitchen finishes, wardrobes, etc. That seems to be creating a significant reduction in cost, which could be attractive in the market. If you can go to Ikea and buy a kitchen unit for €1,000, it provides a different paradigm to work to. As a young couple, the first house we bought was very old and it took us four or five years to start making it liveable. Perhaps that is a route people could follow.