Sir, – While John FitzGerald may be partially correct in stating that "Savings glut helps drive big house increases", this does not explain the exceptional increase of 15 per cent in house prices over the past year ("Pandemic savings have not yet hit house prices", Business Opinion, April 22nd). The majority of young people even with very big savings are still unable to purchase a house but end up paying exorbitant rents to investor landlords . – Yours, etc,
TADHG McCARTHY,
Bray,
Co Wicklow.