Peter Bacon

NAMA not working as intended, insists Bacon

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…

NAMA chairman insists agency has good communication with government

Home, Mortgages & Money, Property News

National Assets Management Agency chairman Frank Daly has rejected claims that there is a lack of communication between the government and NAMA. Speaking on RTÉ Radio today, Mr Daly hit back at suggestions from economic consultant Peter Bacon that the government was “afraid to tackle”…

Bacon insists Ireland's economic woes will worsen if property market isn't stablised

Mortgages & Money, Property News

Economist Peter Bacon has warned that Ireland’s economic woes will worsen if the government fails to stabilise the property market. Widely regarded as one of the most informed economists in the country, Bacon believes Ireland’s current recession could get even worse. He told the Sunday…

State should cover drop in property prices, insists Bacon

Home, Mortgages & Money, Property News

THE state should cover the cost of any future drop in the value of new properties being purchased, a leading economist has said. Peter Bacon, an adviser to NAMA and author of various housing reports, told The Irish Examiner this was the "only way" to…