Dr. Robert Kelly:

That covered it really well. There are different types of construction happening. There are very big construction companies within the State, for example, that would have to be listed on the exchanges. They would have their own equity. Their funding model is very different. They would have land and they would have it planned out over a number of years. Then there are the cohort of builders who are doing phased building on a much smaller scale. These are what we would consider as the traditional small and medium-sized enterprises. How they would fund themselves is considerably different from the larger providers of homes in the State. They would have a mix including bank debt and non-bank debt. We have published some data on this and how it has evolved over time. It is very much reflective. There is also the private rental sector, PRS, model where they go from start to end with a view to renting it. In considering the supply, there is a mix in terms of who is supplying it and the business model being used, and the funding then reflects that.