Michael Noonan (Limerick City, Fine Gael)
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The point I was trying to make is that - in the Deputy's experience as a valuer - the valuation one puts on a three-bed semi detached house in Sligo does not decide the price. It is an indicator to the vendor of what price to accept, but the market decides the price. I do not know why NAMA did not value properties individually. There were many of them there. I do not know the answer. The Deputy should ask NAMA. The absence of a valuation did not change what one would get on the market, it changed the assessment of whether the best price was achieved. Is that not right, from the Deputy's experience?