Mr. Patrick Davitt:

At that particular time, I think in that document you will see that the CEO of IPAV at the time said that supply had caught up with demand and that ... in 2006 we were talking about, on one side of 2006 we were talking about some elements of the market were saying that we needed 93,000 units a year to fulfil the Irish demand. Other people were saying that the property market was going to bust and boom and they'd been saying that for quite a while, and the Government were saying we were going to have a soft landing if all this happens. So, like the IPAV would see, from their members throughout the country, that there were a certain amount of properties ... that probably overbuilt. So like, you know ... obviously, from this point of view, to help first-time buyers this would have been an ideal thing from our point of view.