NAMA TO PROVIDE INCREASED HOUSING
DUBLIN, CORK, GALWAY, LIMERICK
15th JULY 2014.
NAMA recently announced plans to finish it's job 2 years early, in 2018, and to increase it's operations in the Dublin housing market.
A particular target that NAMA (and the Government) has set, is to encourage the development in the near future of NAMA's land bank holdings in the south and west
This is in an effort to prevent (or at least reduce the
severity of) another property bubble by supplying more
housing in a region where properties are in very short
Although NAMA does not own the land in itself, it controls
the loans used to buy the land and hopes to "influence"
developers by providing finance from it's 2 billion euro
A further part of NAMA's plan is to make use of currently
unused property by taking legal action against defaulting
borrowers and to acquire direct ownership of houses,
apartments and office space. It is hoped that this will partially mitigate the effects of the reluctance of Irish banks to provide mortgages.
In addition, the Government recently stated it's intention to provide a planning permission legal framework whereby, if planning permission is granted, it will expire unless the developer acts promptly to develop the land or property.
NAMA also has stated that, since the recent planning approval of Dublin Docklands Strategic Development Zone, it will become more involved in the development of office space, finance for this being provided by both joint venture arrangements and through the use of NAMA's own considerable cash reserves.
Based on a recent article in the Irish Times newspaper
HOW TO FIND NAMA HOUSES FOR SALE
COMPARE RENTAL COSTS TO MORTGAGE REPAYMENTS | MORTGAGE CALCULATOR
SELL YOUR HOUSE & KEEP YOUR TRACKER MORTGAGE
NAMA HOUSES FOR SALE | 22,000 IN DUBLIN BY 2020?
COUNTY BY COUNTY NAMA PROPERTIES FOR SALE:Carlow Cavan Clare Cork Donegal Dublin Galway Kerry Kildare Kilkenny Laois Leitrim Limerick Longford Louth Mayo Meath Monaghan Offaly Roscommon Sligo Tipperary Waterford Westmeath Wexford Wicklow
HOUSES FOR SALE | MORTGAGE RATES COMPARED | CHEAPEST HEALTH COVER
|Mortage Rates Compared
First Time Buyers
Trading Up & Buy To Let
|Bank Saving Rates|
|Current Account Interest
Overdraft Rates Compared
|Trading Up or Downsizing?|
House Selling Tips
|NAMA Property List
County by County
|How To Find Out|
The Prices Of NAMA
Houses For Sale
|Getting Planning Permission
|Building A New House|
Major House Improvements
|Buying NAMA Property
Estate Agents List
|Compare Daft House Asking|
To Actual Selling Prices
|First Time Buyer?
Dirt Tax Refunds
|Credit Ratings & Mortgages|