Mr. Aidan O'Hogan:

I think it will be good. Much of what is happening is the result of concern among people that if they do not get into the market the houses will not be built and prices will become unsustainable. Recently we saw people queueing to buy houses, but in reality there was no need to queue because, while there is some demand, it is not that crazy. Ms Finnegan will suggest that even in recent months, as more and more houses have come onto the market one can see the price rises decelerating a little bit. People are concerned that they will not be able to afford a house. The certainty of delivery, even if it were 18 months to 24 months ahead, would do a great deal to calm the market. Potentially, prices will continue to rise over the next four or five years, but at a much more graduated rate than they have. In the next two years, when there is very limited supply, we are likely to see an unusual level of growth.