Oireachtas Joint and Select Committees

Tuesday, 17 June 2025

Joint Oireachtas Committee on Housing, Local Government and Heritage

Challenges Relating to the Delivery of Housing: Discussion (Resumed)

2:00 am

Photo of Pat CaseyPat Casey (Fianna Fail)

I only have 18 seconds. I fully agree with what was said about capital. Fifty-eight per cent of €20 billion is almost €12 billion. The State cannot sustain that on an ongoing basis. We have to attract private investment. What is very frustrating is that we are sitting on €166 billion in deposit accounts in Ireland that we cannot unlock. There is a narrative out there about international financing that countries outside of Europe are relaxing their rules, whereas within Europe we are still fairly restrictive in those rules. Is there any scope in respect of those rules to unlock that €166 billion?

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