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NAMA Property Sales

Dáil Éireann Debate, Tuesday - 13 November 2018

Tuesday, 13 November 2018

Questions (174)

Richard Boyd Barrett

Question:

174. Deputy Richard Boyd Barrett asked the Minister for Finance the number and location of all residential units sold by NAMA debtors receivers since inception; the number of those units sold at NAMA loan sales by year since its inception; the breakdown of the residential sales into lot sizes (details supplied); and if he will make a statement on the matter. [46745/18]

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Written answers

I am advised that, since inception, a total of 19,224 residential units located in the Republic of Ireland have been sold by NAMA debtors and receivers. These residential units were owned by NAMA debtors and the sales proceeds were used to repay associated debt. The figures include both completed and partially completed units, as well as over 8,000 new houses or apartments delivered through NAMA funding. Also included are 2,407 units which were sold to local authorities, approved housing bodies or NARPS for social housing use.

A breakdown by year and by lot size of the 19,224 residential units sold is presented in the table below.

Year

Lot Size

Units

2010

1-2

165

3-20

81

21-50

-

51+

51

2011

1-2

365

3-20

152

21-50

-

51+

81

2012

1-2

445

3-20

122

21-50

27

51+

111

2013

1-2

689

3-20

259

21-50

143

51+

123

2014

1-2

1,242

3-20

498

21-50

310

51+

1,364

2015

1-2

1,638

3-20

1,158

21-50

722

51+

1,241

2016

1-2

1,559

3-20

447

21-50

250

51+

1,255

2017

1-2

1,701

3-20

311

21-50

275

51+

450

2018

1-2

1,298

3-20

158

21-50

293

51+

240

Grand Total

19,224

NAMA is prohibited, under Sections 99 and 202 of the NAMA Act, from disclosing confidential debtor information, including the exact location of assets controlled by its debtors. The following table provides a breakdown by year and by county of residential units sold by NAMA’s debtors and receivers.

County

2010

2011

2012

2013

2014

2015

2016

2017

2018

Total

Co. Carlow

1

21

24

37

2

85

Co. Cavan

2

2

1

3

24

1

13

46

Co. Clare

2

7

12

15

35

256

2

25

23

377

Co. Cork

21

104

171

247

296

579

495

279

243

2,435

Co. Donegal

12

29

3

16

36

1

97

Co. Dublin

183

321

289

361

2,120

2,068

2,300

1,986

1,385

11,013

Co. Galway

6

23

31

94

171

383

146

112

45

1,011

Co. Kerry

2

9

4

8

50

202

1

276

Co. Kildare

40

19

38

129

144

90

104

146

154

864

Co. Kilkenny

3

6

10

8

23

86

19

6

161

Co. Laois

16

2

1

63

10

71

21

184

Co. Leitrim

1

1

1

10

17

9

2

41

Co. Limerick

1

8

20

40

138

156

48

5

7

423

Co. Longford

7

5

9

2

2

3

1

29

Co. Louth

7

7

50

43

28

46

5

5

8

199

Co. Mayo

1

2

4

8

42

112

1

170

Co. Meath

4

6

7

110

51

95

37

28

13

351

Co. Monaghan

2

1

3

4

10

Co. Offaly

1

10

1

9

13

31

1

66

Co. Roscommon

2

1

3

6

14

49

75

Co. Sligo

1

5

3

23

26

154

6

218

Co. Tipperary

9

1

8

4

54

12

3

1

92

Co. Waterford

2

10

3

6

19

114

18

2

174

Co. Westmeath

7

4

45

25

55

15

2

153

Co. Wexford

5

12

3

15

68

100

93

5

1

302

Co. Wicklow

5

10

13

10

38

42

72

105

77

372

Grand Total

297

598

705

1,214

3,414

4,759

3,511

2,737

1,989

19,224

The majority of units sold in Co Dublin during the period 2014-2018 were new units funded by NAMA. An additional 6,146 units were included as security for loan sales undertaken by NAMA but there was no change in the ownership of these units arising from the loan sales.

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