Mr. Patrick Davitt:

The costs are there. The cost of a site is there and we could easily stretch out these costs, have a look at them and see where they are. However, I can tell the Senator that amazingly, the cost of building the houses has not changed. Nobody can understand why the costs have not changed because if one takes one particular component, such as for instance laying blocks, people who were building a block house in the good times in 2006 could have been paying between €1.10 and €1.15 to build a block and are now probably paying €0.60.

The wages have come down to a certain degree but the actual cost of building the houses has not come down greatly. It should have come down to match but it has not done that and we are aware of that fact.