Mick Barry (Cork North Central, Solidarity) | Oireachtas source

Let us be clear about who has prevented young people buying their first homes: it is not Solidarity or the Socialist Party that have been in government while young people have been locked out of the market and developers have made a fabulous profit. Let us talk about house prices. Capping affordable housing for the equity scheme at €400,000 in the city of Cork is just unreal. What planet are the Ministers on with these kind of figures? I want to ask the Minister about a statement he gave to the Irish Examineryesterday in which he said price capping will not lead to developers driving up prices. What research did he do to back up that statement? The only example he gave me from London is one where prices went up.

The Minister's claim is that they did not go up as much as others have claimed. He said it will not lead to developers driving up prices. What scientific research has he done in this country to back up this statement?

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