Nearly a year ago, there was criticism on here that NAMA still didn’t have a proper handle on its Irish residential property – NAMA would merely say that 9,200 homes were rented but there were 4,000 other homes whose status was not clear. This week in the Dail, we got an update and it seems that right now, some 3,250 of NAMA’s Irish homes are vacant.That’s a pretty awful indictment of NAMA’s asset management capability.
3,250 of NAMA’s Irish homes are lying empty
Gotta hand it to the Lake - one of Ireland's top sources of info.
Repoes in the post on top of this & the other prop oversupply outside NAMA with the EZ Crisis, Taxes n Cuts all add to the expectation of more falls.
So tell us all peeps - what should be done with NAMA's oversupply & why?