Dáil Éireann Debate, Tuesday - 31 January 2017
135. Deputy Ruth Coppinger asked the Minister for Finance if he will provide a list of residential development land in the greater Dublin area, Cork city, Galway city and Limerick city involved in sales of properties and loans by NAMA to vulture funds. [4327/17]
View answerAs the Deputy has used a pejorative and undefinable term for purchasers, and due to the fact that providing the identity of specific purchasers would be commercially sensitive, my reply is based on all sales irrespective of purchaser.
In addition, NAMA is prohibited by law from disclosing confidential debtor information, including information on assets owned by debtors, without debtors' consent. It is not possible to identify particular assets which secure NAMA loans as to do so would identify the owners as NAMA debtors and NAMA is precluded from doing so by the NAMA Act 2009 and by the requirements of banking confidentiality.
Accordingly, the following table provides a breakdown, by county, of residential development land which has been sold by NAMA debtors or receivers, or which has secured loans sold by NAMA. The information summarises the sales position as of end-December 2016.
|
County |
Sum of Area (Hectares) |
|
Carlow |
23 |
|
Clare |
5 |
|
Cork |
618 |
|
Dublin |
445 |
|
Galway |
78 |
|
Kerry |
6 |
|
Kildare |
150 |
|
Kilkenny |
29 |
|
Laois |
30 |
|
Leitrim |
4 |
|
Limerick |
108 |
|
Louth |
73 |
|
Meath |
377 |
|
Offaly |
21 |
|
Sligo |
4 |
|
Tipperary |
18 |
|
Waterford |
135 |
|
Westmeath |
13 |
|
Wexford |
21 |
|
Wicklow |
143 |
|
Grand Total |
2,301 |
I am advised that not all of this sold land was commercially viable to develop for residential or commercial use at the point of sale. NAMA advise that some of the lands were not zoned, some had been dezoned by local authorities and many had a mixture of zonings including amenity, commercial, retail, community, educational and green space. I am further advised that, in some cases, development of the sold lands remains unviable for commercial, planning and infrastructural reasons.
Information regarding the availability of residential zoned land is available on the Department of Housing and local authority websites and is based on a national survey of all lands zoned for residential or primarily residential development in statutory local authority development plans and local area plans across Ireland to determine the location and quantity of lands that may be regarded as being undeveloped and available for primarily residential development purposes. See http://www.housing.gov.ie/planning/residential-land-availability/residential-land-availability-survey.
More recently, the Housing Supply Taskforce for Dublin has collated data on the aggregated planning permissions and planning applications across the four Dublin local authorities which they have mapped and available to view on the department of Housing website at http://www.housing.gov.ie/housing/construction-2020-strategy/dublin-housing-supply-task-force/housing-supply-coordination-task.
