Oireachtas Joint and Select Committees

Thursday, 9 May 2024

Public Accounts Committee

Financial Statements 2022: University of Limerick

9:00 am

Photo of Catherine MurphyCatherine Murphy (Kildare North, Social Democrats) | Oireachtas source

Right, okay. If people were to go and buy those houses in Rhebogue when they were being sold, I can imagine they would have assumed that they would not be able to compete with the university given the amount. Did people not know what property was going for in the area? This was not 5,000 houses. This was a relatively small number of houses with a very bad transaction. Even looking up the auctioneers in the area to see the market value, I would have thought it would have been bog-standard for people to say that those houses cost €200,000 or whatever more than the going price. Were such questions not raised? One does not need to be a property expert to look at the window of an auctioneer's shop.

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