I propose to take Questions Nos. 394 and 398 together.
My Department does not have data on average prices for three bedroom semi-detached houses on the basis sought in the question. However, information on overall average house prices in respect of the five cities and the country as a whole, is published on a quarterly and annual basis in my Department's housing statistics bulletin, copies of which are available in the Oireachtas Library. The Department has issued a request for tenders for a new computer system which will expand the range of data collected and analysed on house prices, and this system is expected to be implemented during the course of 2003.
With regard to the acquisition of houses in different local authority areas through shared ownership or local authority annuity loans, I would point out that the implementation and management of the shared ownership scheme is, in the first instance, a matter for each housing authority concerned. In operating the scheme, local authorities should have regard to local circumstances in determining maximum price limits or any other conditions they believe appropriate. These issues are best determined by the individual local authorities.
The objective of the shared ownership scheme is to enhance housing affordability by allowing applicants to purchase part only of the equity of the dwelling (at least 40%) and to rent the remaining share from the local authority. The present maximum loan of €130,000 operated by local authorities for the purposes of the shared ownership scheme would on this basis enable the purchase of houses exceeding present average prices, subject to the ability of applicants to manage the mortgage and rented commitments involved.
The maximum annuity loan of €130,000 also allows allow significant numbers of low income households to purchase their own homes. However, my Department is keeping the loan limits that apply to local authority house purchase loans, including annuity, affordable and shared ownership under review.