Institutional investment funds play a major role in the rental sector and I would suggest that this has a very detrimental effect. They bought very cheap about a decade ago and now rent very high. These funds come in many forms with many names. This is a family show so I will not mention some of the names people have for them. In recent months, a plebiscite was held in Berlin with regard to property bought by these large funds. Berliners have, by popular vote, told the state government to confiscate the assets of these large corporate bodies. Is it now time to stop the influence of these corporate funds and confiscate the assets they have essentially robbed from the State?

The State has become much more involved in building apartments through the Land Development Agency and the Croí Cónaithe scheme brought forward by the Minister, Deputy O'Brien. I have seen a number of examples, including in my own city, of schemes happening that otherwise would not have happened, of cost-rental homes being provided and of apartments being offered for sale to owner-occupiers in addition to the full Part V legal obligation being met. As the Deputy will know, we are doing a review of the funds sector, including the structures I believe the Deputy is alluding to. That work is well advanced and I expect to have a report in the summer. The truth is that apartment construction is very expensive and, without an intervention by the State, we will simply not see apartments getting built for sale to owner-occupiers. That is why we have seen a predominance of construction in the buy-to-let sector with institutional capital. It is very expensive to build.