Séamus McGrath (Cork South-Central, Fianna Fail)

That is absolutely correct. We need to get rid of the fear factor, when purchasing an apartment, of ending up in a quagmire of issues around management companies, fees and neighbours not paying. It was mentioned that when you meet people in the lift who have not paid, and you know they have not paid, it becomes a whole issue on a personal level and so on. Unless we address those issues comprehensively through proper systems and regulation, developers will be reluctant to build apartments and purchasers will be reluctant to buy them. Unless we get on top of this as a country in terms of apartment building-----