Derek Nolan (Galway West, Labour) | Oireachtas source

On NAMA's portfolio disposal strategy, while the agency has a huge portfolio, it has been concentrating on the disposing of assets abroad.

To what extent has that contributed to the fact we are seeing a resurgent interest in and demand for properties in Ireland? Is that because NAMA has not been disposing of its assets in Ireland, but has been withholding them, thereby creating demand and pushing up activity and prices?

My other question has to do with the model. NAMA has gone from a position of having assets, with very few rents, to getting into a rental driven market. Is NAMA looking at changing its disposal strategy more towards a rental product? I believe that in an article in the papers, Mr. Mulcahy suggested NAMA was looking at selling off 10,000 social units, based on rent and so on, as an investment product for large property management type businesses. Is that a change in model and is NAMA's mandate best served by having a longer period of operation, beyond 2020, so that it can realise the value of rents over a longer period of time rather than dispose of assets?