Joe Higgins (Dublin West, Socialist Party)
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Okay. Mr. Davitt, you said in your opening statement that:

IPAV [the Institute of Professional Auctioneers and Valuers] believes such a body, [you're referring to a national property council] which would have a purely advisory role, would have the potential to play an enormous part in helping build a sustainable property market, bringing about stability and avoiding future troughs and peaks, as have occurred in the past. Volatility may serve isolated interested. It does not serve consumers. It does not serve the auctioneering profession. And it does not serve the common good.

But is it or is it not a reality that what happened during the bubble with property and house prices was hugely advantageous, materially speaking, for the income and the profits of auctioneers?