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NAMA Portfolio

Dáil Éireann Debate, Wednesday - 5 November 2014

Wednesday, 5 November 2014

Questions (73)

Paul Murphy

Question:

73. Deputy Paul Murphy asked the Minister for Finance if he will provide data in tabular form on the number of houses and apartments that are in the possession of National Asset Management Agency that have been sold in the past 18 months, or are being rented, otherwise occupied or vacant; the total rental income on the units being rented or otherwise occupied. [42442/14]

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Written answers

The detail sought by the Deputy is set out below.

Table: Completed residential stock held by NAMA debtors and receivers (Republic of Ireland)

Residential units securing NAMA loans sold within the past 18 months

  4,000

Residual residential portfolio*

14,000 (10,000 apartments/4,000 houses)

Of which, total rented properties

  9,400

Total annual rental income

  €95m

Note: Completed properties that are not currently let are available on the open market for sale or rent through NAMA debtors or receivers or have been made available for social housing and are currently subject to transactions with local authorities/approved housing bodies. Many of these properties required NAMA funding to bring them to completion and, accordingly, have only recently become available for sale or rent.

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