Oireachtas Joint and Select Committees

Thursday, 9 July 2015

Public Accounts Committee

National Asset Management Agency: Financial Statements 2014

9:30 am

Mr. Brendan McDonagh:

If one is selling a house and three bidders are trying to buy it, that is great as it pushes up the price. If one withdraws, there will be two bidders. There was nothing unusual in this and it happens the world over. Online news providers such as Costar have very good information on different sales in this area and one often sees, with the big portfolio sales of banks, that only two bidders remain at the end.