Dr. Kieran McQuinn:

The point I am trying to make is that a lot of countries have experienced high house price growth recently and there are certain common factors associated with that, which is low interest rates, high income, etc. It is a kind of international challenge as to how we increase or even maintain home ownership rates at their present level, because if we look at it, we will see that house prices as a proportion of income levels have grown, are growing and continue to grow. To be honest, it is probably a trend that will continue into the future.