Simon Coveney (Cork South Central, Fine Gael) | Oireachtas source

All we are talking about today is a proposed response in parts of the country where the potential exists to start delivering larger-scale developments to meet very pressurised housing demand. It is clear from what the Central Bank has done today that it recognises the need for its regulations to change. It is changing the deposit requirements that apply to first-time buyers. I am glad that its thinking is similar to our thinking when we introduced a tax rebate change in the budget to benefit first-time buyers. The Central Bank has put its finger on the core pressure point. The Government put its finger on the same point on budget day.