Dáil Éireann Debate, Wednesday - 19 January 2022
297. Deputy Cian O'Callaghan asked the Minister for Finance the number of homes or dwellings that were completed by NAMA debtors in 2018, 2019 and 2020; the local authority areas in which they have been completed; the sale price; the number that have been sold to funds as private rented sector units, that is, non-household entities including homes that were pre-funded; and if he will make a statement on the matter. [63123/21]
View answerThrough working with debtors and receivers, NAMA’s residential delivery programme facilitated the completion of 10,052 units in the years 2018 to 2020. This total includes: 5,283 units directly funded by NAMA; and 4,769 new residential units completed on sites for which NAMA had funded planning permission, enabling works, legal costs or holding costs prior to disposal or refinance.
Table 1 below provides a breakdown by year of direct and indirect unit delivery.
Tables 2 and 3 provide a breakdown of unit delivery by local authority area and year.
Table 1: Residential units completed
|
|
2018 |
2019 |
2020 |
TOTAL 2018-2020 |
|
Directly Delivered by NAMA Debtors & Receivers |
2,516 |
2,009 |
758 |
5,283 |
|
Indirectly Delivered* |
1,729 |
1,618 |
1,422 |
4,769 |
|
Total |
4,245 |
3,627 |
2,180 |
10,052 |
*Indirectly delivered refers to new residential units delivered on former NAMA-secured sites which benefitted from NAMA asset management and/or funding prior to their sale or refinance
Table 2: Directly Delivered units by relevant local authority area, by year
|
|
2018 |
2019 |
2020 |
TOTAL 2018-2020 |
|
Dublin City Council |
423 |
373 |
202 |
998 |
|
Dun Laoghaire Rathdown County Council |
994 |
383 |
56 |
1,433 |
|
Fingal County Council |
338 |
439 |
199 |
976 |
|
South Dublin County Council |
120 |
184 |
55 |
359 |
|
Cork County Council |
225 |
231 |
119 |
575 |
|
Galway City Council |
37 |
33 |
0 |
70 |
|
Galway County Council |
8 |
12 |
0 |
20 |
|
Kildare County Council |
244 |
201 |
0 |
445 |
|
Meath County Council |
28 |
31 |
77 |
136 |
|
Monaghan County Council |
0 |
0 |
24 |
24 |
|
Wicklow County Council |
99 |
122 |
26 |
247 |
|
Grand Total |
2,516 |
2,009 |
758 |
5,283 |
Table 3: Indirectly Delivered units by relevant local authority area, by year
|
|
2018 |
2019 |
2020 |
TOTAL 2018-2020 |
|
Dublin City Council |
588 |
300 |
19 |
907 |
|
Dun Laoghaire Rathdown County Council |
78 |
36 |
47 |
161 |
|
Fingal County Council |
680 |
149 |
81 |
910 |
|
South Dublin County Council |
112 |
134 |
32 |
278 |
|
Carlow |
84 |
34 |
44 |
162 |
|
Cork City Council |
43 |
104 |
118 |
265 |
|
Cork County Council |
12 |
202 |
147 |
361 |
|
Galway City Council |
4 |
2 |
5 |
11 |
|
Galway County Council |
2 |
28 |
- |
30 |
|
Kildare County Council |
23 |
112 |
280 |
415 |
|
Limerick County Council |
5 |
54 |
63 |
122 |
|
Louth County Council |
- |
10 |
106 |
116 |
|
Meath County Council |
81 |
453 |
456 |
990 |
|
Sligo County Council |
17 |
- |
- |
17 |
|
Waterford County Council |
- |
- |
8 |
8 |
|
Wexford County Council |
- |
- |
8 |
8 |
|
Wicklow County Council |
- |
- |
8 |
8 |
|
Grand Total |
1,729 |
1,618 |
1,422 |
4,769 |
Sales Price
The percentage breakdown of the average gross sales prices for residential units directly funded and delivered by NAMA debtors and receivers, which sold in the period 2018 to 2020 is provided in Table 4 below.
Table 4: Average Sales Prices
|
Price Range |
% |
|
<€300k |
17% |
|
€300k-€500k |
61% |
|
>€500k |
22% |
|
Total |
100% |
Sold to Private Rented Sector
In the period 2018 to 2020, 1,099* newly built residential units were sold by NAMA debtors to firms operating in the Private Rented Sector.
*This figure excludes units in developments initially held as security by NAMA but subsequently refinanced by debtors or developed by third parties under licence (for which NAMA only receives a portion of the sale price related to the land value). It also excludes bulk sales of residential units for social housing to AHBs, local authorities and NARPS.
