NAMA has an objective of funding or facilitating the delivery of 20,000 residential units, subject to commercial viability, across NAMA-secured residential sites in Ireland. NAMA provides funding, on a commercial basis, to its debtors and receivers for the construction of new residential units where it can be shown that residential development will enhance the value of the secured-asset, consistent with section 10 of the NAMA Act.
Between 2014 and end-March 2020, NAMA has directly funded or facilitated the delivery of 11,761 units in Ireland. A breakdown of these units by county, price and type is set out below.
Table 1: Units delivered by County
County
|
Units delivered between Q1 2014 and Q1 2020
|
Dublin
|
8,449
|
Cork
|
1,155
|
Kildare
|
903
|
Wicklow
|
504
|
Galway
|
282
|
Meath
|
134
|
Laois
|
75
|
Wexford
|
56
|
Louth
|
46
|
Monaghan
|
44
|
Kilkenny
|
42
|
Clare
|
37
|
Waterford
|
34
|
Total
|
11,761
|
Table 2: Units delivered by Price
Price Bracket
|
%
|
<€300k
|
38%
|
€300k-€500k
|
45%
|
>€500k
|
17%
|
Total
|
100%
|
Table 3: Units delivered by Type
Unit Property Type
|
%
|
Apartments
|
35%
|
Duplex
|
3%
|
Estate House Detached
|
7%
|
Estate House Semi-detached
|
34%
|
Estate House Terraced
|
20%
|
Town House
|
1%
|
Total
|
100%
|