Oireachtas Joint and Select Committees
Thursday, 12 May 2016
Committee on Housing and Homelessness
National Asset Management Agency
10:30 am
Bernard Durkan (Kildare North, Fine Gael) | Oireachtas source
The overhanging question is one that I am still at sea about. Where NAMA has acquired a property that achieved a hugely inflated cost or value - I am not certain which, but I would think it was cost - by virtue of repeated speculation beforehand, is NAMA expected to make a profit? In other words, if that property comes onto the market, it has the impact of inflating property prices artificially now by borrowing what happened in the past.
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