Eoin Ó Broin (Dublin Mid West, Sinn Fein)

I thank Drs. Kelly and O'Toole and their teams. It is great to have them here. I thank them for their presentations. I commend Dr. Kelly on his diplomatic use of language, which concerned frontloading the benefit from development levy and water connection waivers as opposed to people submitting commencement notices for things that were not actually commencing. I congratulate him on not upsetting anybody in that regard.

I have a couple of very specific questions. Given the short time available, maybe the answers can be pretty quick. One of the big issues we have been talking about is that of how to get more bank lending for the residential development sector. A suggestion recently floated by the Minister for housing was that the percentage of bank lending that would go in as development finance would increase significantly, from what is typically 60% to 80% plus. I would like Dr. Kelly's view on that.

Dr. Kelly talked about co-investment vehicles. Could he tell us a little more about them?

There has been some kite flying by some Opposition folks on a return to 100% mortgages. I would be interested in his thoughts on that in terms of house price inflation and also the risk to the banking sector.

The Government is considering the extension of the first home scheme to second-hand homes, although I was not pleased when the Minister said there was some concern in this regard given that second-hand house price inflation is rising at a faster rate than inflation on new homes. Does the Central Bank have concerns in this regard?

If Dr. Kelly can give me relatively quick answers to those three questions, I will then pick on the ESRI.