Tommy Broughan (Dublin North East, Labour)
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Question 128: To ask the Minister for Finance if it is intended to re-price the houses in the portfolio of developers with NAMA loans to make them more affordable in 2012 for young and first-time buyers; and if he will make a statement on the matter. [6484/12]

Michael Noonan (Limerick City, Fine Gael)
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I am informed that NAMA approves the sale of assets, including houses and apartments by debtors or receivers acting on its behalf, at the current market rate for such properties. Properties under the control of receivers or other insolvency professionals appointed by NAMA are listed on its website at http://www.nama.ie/PropertiesEnforced.php . Potential purchasers are encouraged to contact the receivers to obtain additional information on specific properties and to submit expressions of interest if they wish to make a purchase. I understand that in cases where NAMA receives inquiries from potential purchasers about specific properties under the control of debtors, it can facilitate contact with debtors or receivers with a view to enabling sales transactions to take place.

Under the National Asset Management Act, 2009, NAMA has a commercial mandate. Given this commercial mandate, the Agency would not be in a position to change the prices of domestic properties for specific categories of purchasers.