Dáil Éireann Debate, Thursday - 23 January 2014
59. Deputy Terence Flanagan asked the Minister for Finance his views on remarks from the National Asset Management Agency that the property slump is over; and if he will make a statement on the matter. [3418/14]
View answerThe recent positive pricing reports and the NAMA announcement on the closure of the 80:20 as it has achieved its objectives are a welcome sign of stabilisation in the residential property market and a return to more sustainable, normalised conditions. Activity in the market has increased particularly in the larger urban areas but it will be some time before a nationwide recovery of the property market will be evident. In the meantime issues such as supply and demand, credit and funding availability will remain part of our focus and review.
