National Asset Management Agency Archives

Over €15 billion to be spent on building projects in 2016

Some €15.6 billion worth of construction projects are in the pipeline in Ireland for this year, according to a report by Construction Information Services, a specialist provider of data on the sector. This is up from €11 billion in 2015, and involves 633 projects that will…

Building

Remaining NAMA ghost estates to be completed this year

Blog, Building, General, Home, Market News, Mortgages & Money, Property News

NAMA has said that all of the ghost estates that it has exposure to will be resolved by the end of this year. In its annual review published today, the asset management agency, set up after the banking and property sector collapse, said that of…

Commercial Blog

NAMA not working as intended, insists Bacon

Blog, Commercial Blog, Home, Market News, Mortgages & Money, Property News

The man credited with inventing NAMA has told the banking inquiry it is not doing the job it was designed to do. Dr Peter Bacon said the agency has focused more on chasing debts than on increasing the value of its investments. Dr Bacon is…

Building

€11 billion will be spent on construction here next year

Blog, Building, Promoted

"Over €11bn in key and major construction projects is already scheduled for 2015 in the construction sector as the recovery takes hold," Construction Information Services managing director Tom Moloney said. More than 500 major projects covering all sectors are due to begin in the Republic…

NAMA could deliver a surplus of up to €1bn

Uncategorized

The National Asset Management Agency is likely to deliver a profit on the bad property loans it bought from the Republic’s banks when its finishes its work, according to its chairman, Frank Daly. The organisation reported yesterday that, in 2013, it made a final surplus…

NAMA sells Ireland's tallest residential building

Commercial Blog, General, Home, Industry News, Mortgages & Money, Property News, Property Picks, The Investor, The Overseas Investor

Ireland's tallest residential building, the Elysian Tower in Cork, has been sold by NAMA. It was part of Project Tower, a portfolio of loans secured on properties controlled by the O'Flynn Group. The portfolio has a face value of €1.8 billion. NAMA refused to disclose…

Irish commercial property up 7% in the first quarter of 2014

Commercial Blog, Property News

Returns from the Irish commercial property market in the first quarter of this year were the strongest since 2006. Overall returns rose by 7.2 per cent in the first three months, with a rise of 5 per cent in capital values the main driver. The…

NAMA may be used to control rising property prices

General, Home, Mortgages & Money, Property News

The Minister for Finance said he has asked the National Asset Management Agency to see if it can use land it controls to temper rising property prices, particularly in Dublin. Speaking to the Oireachtas Finance Committee earlier this week, Mr Noonan said previous efforts to control prices through stamp duty had…

Government "concerned" by limited supply of property in Dublin

Building, General, Home, Industry News, Mortgages & Money, Property News

Minister for Finance Michael Noonan has said the Government is "concerned" about the limited supply of property available in the Dublin area and the consequent rising prices. Speaking in Brussels, Mr Noonan said he would like if the National Asset Management Agency could "assist in…

Property crash is over, says NAMA boss

General, Home, Industry News, Mortgages & Money, Property News

The chairman of the National Asset Management Agency has said he believes the property crash in Ireland is over. Speaking at a breakfast briefing in Cork, Frank Daly said that property prices have begun to move off the bottom and that the property market has…