Oireachtas Joint and Select Committees
Wednesday, 29 April 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Eugene Sheehy:
Yes. Of course the ... not all the property was transferred to NAMA so ... but even still I count ... dismissing that mathematical effect on the percentage, we all know that the decline in property prices was far higher than anybody expected, worse than the one-in-25 year expectation.
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