Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I thank the Deputy for his comments. As I said in my initial response, public expenditure measures are the preferred method of State support. The Deputy asked a very direct question, which he put to me here in writing and has repeated verbally, in respect of introducing additional tax measures for developers and investors in the residential property sector.

I have no such plans. We will, as always, keep all taxation matters under review.

When it comes to stimulating supply and the State playing a greater role in that regard, we have the Croí Cónaithe cities initiative and we need to see the full work-through of that in terms of delivery, in particular of high-density development in our cities. We have the Land Development Agency, LDA, with Project Tosaigh. It is engaging with the private sector at this point to see what that can deliver in terms of high-density developments in our city centres, which we will all agree need to be built at the most affordable rates possible.

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