Gerry Adams (Louth, Sinn Fein)
Link to this: Individually | In context

Question 141: To ask the Minister for Finance further to Parliamentary Question No. 94 of 22 February 2012, the fees that are paid to companies who provide property valuations for the National Assets Management Agency; the fees for this service that were paid in each of the years since NAMA was established; and if he will give details of the top ten recipients of these fees in each of the years since NAMA was established. [13616/12]

Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context

NAMA has provided the property valuation fees below by year, together with the top 10 recipients of these fees in each year. The analysis is based on fees invoiced to and paid by NAMA in the period from inception to 31 January 2012. Amounts are inclusive of VAT. A total of €13.3m has been paid by NAMA for property valuations. €12.4m of the valuation fees paid relate to once-off property valuations carried out as part of the property due diligence in respect of the acquired loans. €0.9m of the valuation fees paid relate to valuations required as part of NAMA's ongoing management of the acquired portfolio

The property valuation fees incurred in respect of property due diligence are recovered from the financial institutions through a reduction in the acquisition value.

Total Property Valuation Expenses by years (€'000)

Top 10 Providers to date (€'000)

Top 10 Providers by year (€'000)

2010

2011

Firm (€'000)

2012

Firm (€'000)