Dr. Michael Byrne:

Just to be clear, that would clarify the number of people who are purchasing a property with the intention of entering the market. As I mentioned, we know a large proportion of landlords have owner-occupier mortgages or have become landlords unintentionally. However, if policy is trying to shape investment levels or target the behaviour of people who intend to invest, then the key figure relates to people purchasing with the intention to invest.