Dáil Éireann Debate, Tuesday - 20 January 2015
252. Deputy Róisín Shortall asked the Minister for Finance the number of housing units under the control of the National Asset Management Agency with a breakdown by county; his plans for bringing these into use by way of letting or sale; and if he will make a statement on the matter. [2795/15]
View answerI am advised by NAMA that of the approximately 14,000 completed residential units currently within the Agency's portfolio, 86% are located in Dublin, the mid-east counties of Wicklow, Kildare, Meath and Louth, and the other main urban centres of Cork, Limerick and Galway. A more detailed breakdown is set out below.
|
Region |
Percentage |
|
Dublin |
48 |
|
Mid-East (Wicklow, Kildare, Meath, Louth) |
5 |
|
Rest of Leinster |
5 |
|
Cork |
16 |
|
Limerick |
5 |
|
Rest of Munster |
6 |
|
Galway |
12 |
|
Rest of Connacht |
2 |
|
Donegal, Monaghan, Cavan |
1 |
NAMA advises that all of these properties are currently available as supply in the residential market. Approximately 9,000 are rented in the private rental market, whilst the remainder are either let or reserved for social housing or are available on the open market through professional agents appointed by NAMA debtors and receivers to either rent or buy.
In addition, as a secured lender NAMA is making a very substantial contribution to the creation of additional supply in the residential market through its funding to debtors and receivers to complete existing residential schemes and for the construction of new residential schemes. This includes NAMA funding for the construction of 4,500 new residential units in the Dublin area in the three years to end-2016, over 1,000 of which were delivered in 2014.
