Paul Murphy (Dublin South West, Solidarity) | Oireachtas source

I agree with that. We must incentivise it in some way or force the building on homes on land or whatever. On behalf of NAMA, the witness is effectively saying it is none of his business, which is to make money for NAMA as quickly as possible. There are two points in that regard. Does the witness not accept that in selling multi-billion euro portfolios, it tilts towards what the witness describes as international or vulture funds as builders who may have gone through a difficult time or who are getting back on their feet would find it difficult to engage in a bidding process for a multi-billion euro portfolio? NAMA could have included conditions when selling land that it had to be built on within a certain period but it chose not to do so. NAMA is contributing to this as well.