Oireachtas Joint and Select Committees
Wednesday, 13 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Patrick Davitt:
Well, I think it's very unfortunate what has happened and we would certainly be very sorry for what has happened and we've come to a situation where property prices went up that quickly that even auctioneers couldn't believe it themselves because like, you would do a show house possibly on a Saturday and the prices could be X and you come back on Sunday and the prices could be Y, and even auctioneers themselves were in a situation where the prices were going that quickly that they couldn't probably even ... they didn't even know themselves what the value of properties were-----