Oireachtas Joint and Select Committees

Thursday, 20 September 2018

Public Accounts Committee

National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report

9:00 am

Mr. Brendan McDonagh:

I have a bit of generic information that might be helpful to the Deputy, which is not just about NAMA but about the whole market. The Deputy is talking about these funds coming in and buying up apartment blocks. Somebody mentioned to me recently that there are nearly 2.25 million residential properties in the country. If we add together all of what these major funds have bought in Ireland to rent out in what we call the private rental sector, it is probably about 5,000 units, or 2% of the housing population.