Fergal Browne (Fine Gael)

While the Bill represents good news, it is also a reflection of the Government's failed housing policy. The Part V process as originally introduced was a disaster. It was badly thought out and did not work. In the Carlow County Council area only one application for housing was made during the period involved and that was for either seven or 11 houses, which only gave two affordable houses in effect. I accept that the amended system now in operation works better.

I am amused at the use of the word "affordable". We often abuse the English language. While one would expect an affordable house advertised in the newspapers to be on sale for approximately €100,000, they are generally approximately €220,000. I paid £68,000 for my house in Carlow six years ago. It is now worth approximately €230,000. Even six years ago I regarded my house as being unaffordable as did many of my friends. It is laughable that affordable houses are now three times more expensive than they were originally.

I do not know how a young person starting on the property ladder could afford to buy a house in Dublin. Like many Members, I considered purchasing a property in Dublin as I work here during the week. However, I could not afford to do so now. I went to college beside where the Minister of State's brother and Senator Brady live in Drumcondra. I have seen property prices there go through the roof in recent years and I regret not having bought a house here. The Fianna Fáil organisation was very wise buying St. Luke's some years ago. Perhaps it had vision or inside information.