Diarmaid Kehoe

And in my previous life, the last eight years, I've been working in Luxembourg, advising governments all across Europe.

Do they have a housing problem as well?

There is a housing crisis in Luxembourg as well.

Yeah, overpriced housing, local communities unable to afford to even get onto the housing ladder.

Exactly the same issues that are faced here.

They've had a successful economy in Luxembourg, which has resulted in inward migration from other countries, which has driven up demand.

And it's the same.

It's the problems of success, actually, that Luxembourg and Ireland face.

have to try to deal with.

But the thing that we see about Ireland is actually that the approach taken to housing in Ireland is actually highly evolved as compared with other European countries.

There's a highly evolved institutional framework in Ireland.

I know, well...

I have to say there's a highly evolved institutional framework in Ireland, you know, because we see that you have the HFA addressing and drawing in approved housing bodies, delivering housing on a not-for-profit basis to social and affordable tenants.

You've got Home Building Finance Ireland supporting construction companies for the construction phase financing.

That's, you know, addressing specific problems with specific teams.

And we see that as, you know, very interesting.

Ireland is using different models.

It's using local authority delivery as well.

Absolutely.

It's true.