Mr. Patrick Davitt:

They can do so in respect of basic three-bedroom semi-detached houses. They can produce three-bedroom semi-detached houses in most parts of the country, depending on the value and price of the site because that is where it all starts, as well as levies imposed by the county councils to go with it. Before one begins to build, one obviously must buy the site and must put in place levies and everything else. However, even at that, I believe one can build such houses for between €100,000 and €120,000. The Chairman is correct in that it is a case of supply and demand. It is not in the interests of auctioneers that the price of property runs up because we must sell the property whether it is high or low. That is our job and we are not-----