In determining the correlation of land prices with various factors as outlined in Section 5.1(b) of Statutory Instrument in question; projections were constructed for several key determinants of activity in the property market. These include:
Gross Domestic Product;
CPI inflation;
Population;
Interest rates and;
Employment numbers.
I am informed by NAMA that data and analysis published by the institutions concerned was considered by it in the context of Section 5.2 of the SI No. 88 of 2010. Additional information considered appropriate by NAMA was made available to NAMA in this context on a confidential basis and it is not proposed that this be published.