Dr. Conor O'Toole:

Yes, that was factored in, given that we used data from the present period. Embedded into that is, as the Deputy has said, a lower homeownership rate from those challenges that people have faced historically over the past 15 years in transitioning into homeownership, relative to the experience in Ireland before that date. By using the most up-to-date survey data that we had available at the time we took into consideration the changes that we have seen, and which the Deputy has mentioned, through that structural effect. The Deputy mentioned the factor of the lower supply, over many years, though the crisis period. That naturally had an impact on issues around homeownership and housing provision. That was taken into account by using the most up-to-date survey data, which details the tenure structure from the most recent period.