Mr. Hubert Fitzpatrick:

There is still very strong demand in the greater Dublin area and the greater Cork city area. We do not see a strong demand as yet throughout the regions. It is fair to say that the sale price of many units in the regions is not yet equivalent to the replacement cost of those units. That is why there is a slow recovery in the level of building taking place throughout rural Ireland. In our submission to the NPF, we supported the rejuvenation of town centre areas. There is a lot of scope to bring life back to many town centre areas. By and large, however, the real housing demand is in the greater Dublin area and the greater Cork city area, spreading across to Limerick. It is primarily cities and larger towns.