Mr. Ivan Gaine:

One of the biggest challenges the industry has had in recent years relates to that mixed tenure approach. There are different policies, such as Croí Cónaithe, Project Tosaigh and so on, that speak to different parts of the market. Mixed tenure and mixed communities are better communities. Schemes north of 200 units need a bit of everything in them. It should not be overly restrictive in the context of that being overlaid with a planning code. Croí Cónaithe just got EU approval. If that scheme was more mixed tenure such that there was owner-occupier and rental within it, that would lead to much better and more viable developments and could potentially be funded. The challenge with the likes of Croí Cónaithe, which we welcome as a subvention, is at completion, and it cannot be funded. There is definitely a willingness for house builders and developers to build and deliver apartments. Coupled with the likes of the first home shared equity scheme, that is genuinely affordable but the challenge is the constant delivery of single tenure, whereby the options are to rent in that building or to buy a property around the corner. What the density guidelines have pushed is that one cannot purchase because it is not viable or fundable, so there is no choice. One of the criticisms of the stamp duty changes is that those who want to rent a house can forget about it. In the UK, there is a mixed tenure approach. One cannot tell what is cost rental, affordable purchase, purchase or supported ownership. We need to get away from single tenures. The urban locations are different. There is a different complexity in some of the central business district locations, for example. In the round, a mixed tenure connectivity of thought, certainly in terms of larger scale schemes, is important.