Dáil debates

Tuesday, 13 June 2006

3:00 pm

Photo of Noel AhernNoel Ahern (Dublin North West, Fianna Fail)

I am not recommending that the answer to affordability is longer-term mortgages. I am simply saying they are a fact. Many people are now getting 35-year mortgages. I heard of some financial institution spokesperson talking of intergenerational mortgages. Maybe that is a concept yet to come in, but such institutions are using other financial gimmicks.

The real solution is supply. We have tried to create that supply. Last year was the 11th year of overall increase in output, and this year's output figures are running ahead of last year's figures.

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