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Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020
(3 Mar 2022)

Verona Murphy: I want Ms Deering to tell me how many units of the 68% went to the letting market.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020
(3 Mar 2022)

Verona Murphy: No, I want Ms Deering to tell me the unit figure. How many?

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020
(3 Mar 2022)

Verona Murphy: That is unusual.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020
(3 Mar 2022)

Verona Murphy: I appreciate that.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020
(3 Mar 2022)

Verona Murphy: How many units?

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020
(3 Mar 2022)

Verona Murphy: Out of the momentum fund there are 717 units. Do the 600 come out of that or do they come from the overall figure?

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020
(3 Mar 2022)

Verona Murphy: There are two issues relating to housing, particularly for people between the ages of 25 and 40, namely, risk and affordability. The reality is that since the HBFI was established, the affordability aspect has been reduced for people of that age from 16% down to 12%, which would suggest that the HBFI is not effective. There is an issue here with the affordability aspect. The HBFI is there...

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020
(3 Mar 2022)

Verona Murphy: No, I need an answer to that.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020
(3 Mar 2022)

Verona Murphy: Was that in 2020 or is it today's rate?

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020
(3 Mar 2022)

Verona Murphy: That is the average figure for where? What size home?

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020
(3 Mar 2022)

Verona Murphy: Ms Deering said the average was something over €300,000.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020
(3 Mar 2022)

Verona Murphy: What kinds of properties are we discussing?

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020
(3 Mar 2022)

Verona Murphy: What kind of houses?

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020
(3 Mar 2022)

Verona Murphy: What size are they? I need a size.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020
(3 Mar 2022)

Verona Murphy: I do not want Ms Deering to go away. I have very limited time.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020
(3 Mar 2022)

Verona Murphy: For what type of property and where is €319,000 the average price?

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020
(3 Mar 2022)

Verona Murphy: That is the average price for 18 counties. Does that exclude or include Dublin?

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020
(3 Mar 2022)

Verona Murphy: Is it possible to say that the 14% of one-bedroom homes are exclusively in Dublin?

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020
(3 Mar 2022)

Verona Murphy: Therefore, Ms Deering is telling me the average price for one-bedroom properties is €319,000.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020
(3 Mar 2022)

Verona Murphy: It is completely distorted. Ms Deering is saying these are owner-occupier properties and yet she is giving me figures of an average. On top of that, she is telling me that 600 of them are for the rental market and are not owner-occupier homes.

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