Oireachtas Joint and Select Committees

Thursday, 15 May 2025

Public Accounts Committee

Business of Committee

2:00 am

Photo of Joe NevilleJoe Neville (Kildare North, Fine Gael)
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I have a follow-up question to Deputy Geoghehan’s point. On the impairment, in fairness to Deputy Geoghehan's point, in 2010, the value of that property would have been far less than it was in 2006. I completely get it and I completely agree, as I know what has happened in the property market, from a business perspective, since Covid. At the same time, however, it seems like an interesting point when it could have been done in 2008, 2009, 2010, 2011, 2012, 2013, 2014 and 2015, at which point it started going up, so it would not have been done. It is interesting it was done in 2022.