Mr. Aidan O'Hogan:

I will address the question of building land. Deputy Murphy is correct in that future land purchases will reflect the levies as they are. Our focus in the short term has been on facilitating the delivery of supply to address the shortage, the supply that is currently needed and identification of the constraints in that scenario. In most of these cases the land is already held, some of it by NAMA and some of it by various other bodies. We are looking at what could be varied to improve the feasibility to allow these matters to go ahead. Obviously levies are only part of the equation that we have identified, but it is a big issue at present and it is a serious impediment.

The adjustment of levies may have to be just a temporary measure that allows matters to progress at a later stage and, ultimately, land prices will reflect what they are.

Tom Phillips will talk about the planning issues that were raised.