Dáil Éireann Debate, Tuesday - 15 January 2019
178. Deputy Eamon Ryan asked the Minister for Finance the median selling price for NAMA units sold each year in each of the Dublin local authorities; and the median sale and lease price at which new units from NAMA are sold and leased to local authorities and approved housing bodies. [1626/19]
View answerThe median sale agreed price for NAMA-funded units in the years 2016 to 2018 is set out in the table below. I am advised by NAMA that median sales prices can change significantly from year-to-year in the same Local Authority Area, due to the differing nature of NAMA-funded schemes coming to the market.
|
Local Authority Area |
2016 |
2017 |
2018 |
|
DLRCC |
450,000 |
550,000 |
535,000 |
|
SDCC |
297,500 |
358,000 |
373,000 |
|
Fingal Co. Council |
450,000 |
298,500 |
370,000 |
|
DCC |
330,000 |
340,000 |
385,000 |
|
All Dublin LAs |
415,000 |
350,000 |
435,000 |
As regards your request for the median sale and lease prices for social housing units delivered by NAMA, I wish to advise that as some of these prices are subject to ongoing negotiations these figures are commercially sensitive. However these prices are based on prevailing market rates confirmed by independent valuations. In the case of social housing funded by NAMA provided through Part V obligations, pricing is determined in line with the statutory Part V framework. In the case of NARPS lease arrangements, rents are typically set so as to fall within a range of 78% to 83% of prevailing market rents at the time of the lease.
