Oireachtas Joint and Select Committees

Wednesday, 18 September 2024

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance

1:30 pm

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Hang on. Come on. Let us be serious. Do not take that approach. If property prices were half the price they were in 2012 that they are today, then would it have been more beneficial to me to sell property back in 2012 when I was getting half the price compared to today? This is stuff I can talk to my 12-year-old about. What would the cost of managing the property over that ten years be compared to the uplift I would get? Of course it is more beneficial to hold on to and manage an asset to get us properly out of the trough. The report commissioned by the Department said property prices would go back to peak levels within ten years.

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