Paul Connaughton Snr (Galway East, Fine Gael)

-----with the other half not. I find it difficult to understand how any valuer could put a valuation on such a property over the next five years. The person who owned the land - before he or she got planning permission - could at least have got an agricultural value for it and sold it on. Now it cannot even be given away and will remain a blight on the environment. If that is the type of a property to make up the Minister's €5 billion profit from NAMA in 20 years time, I fail to see how it will happen.

As the Minister well knows, a building, business, a house or a farm is worth on the day what people are prepared to pay for it at market value.

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