Oireachtas Joint and Select Committees

Wednesday, 13 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Patrick Davitt:

We'd like to recommend that there would be a market valuation ... a sustainable value instead of that because it gives the bank and it gives the person the ability to know that the valuation of the property isn't going to go up in troughs and rises and falls, like ... so it's going to be a lot leveller and it's going to be a smoothing valuation as opposed to having the 20% for everybody.