Dáil Éireann Debate, Thursday - 19 June 2014
42. Deputy Pearse Doherty asked the Minister for Finance the number of vacant residential properties the National Asset Management Agency is exposed to in Dublin by postcode; and the number by county outside Dublin. [26407/14]
View answerI would like to advise the Deputy that a detailed breakdown of the property securing NAMA's remaining loans by region and by sector is outlined on page 42 of its Annual Report and Financial Statements for 2013, which is available on the Agency's website, www.nama.ie. In evidence to the Dáil Committee of Public Accounts on 29 May, NAMA indicated that it has an interest as a secured lender in about 16,000 residential units, mainly apartments, which are mainly located in Dublin, Cork, Limerick and Galway. The vast majority of these properties are currently let by their owners/receivers in the private rental market. NAMA does not generally have an exposure to vacant property in that as residential properties within its portfolio are brought to a completed state, they are placed on the market by debtors or receivers for rent or sale or made available for social housing.
