Written answers
Tuesday, 1 July 2014
Department of Finance
NAMA Property Sales
Pearse Doherty (Donegal South West, Sinn Fein)
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131. To ask the Minister for Finance the price at which an estate (details supplied) in County Tipperary in which the National Asset Management Agency has an interest was sold. [28127/14]
Michael Noonan (Limerick City, Fine Gael)
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As Minister for Finance I do not have any function in relation to the publication of the purchase price of residential or other property. The Deputy will be aware that the Residential Property Price Register, which is published by the Property Services Regulatory Authority (PSRA), , is a public register of all residential properties purchased in Ireland since 1stJanuary 2010. The register includes the date of sale, price and address of properties purchased since that date. I am advised that, in the case of this property, the sale price registered by the PSRA is incorrect. I understand that the vendor's solicitor has written to the PSRA requesting that the register be amended to reflect the appropriate consideration.
Pearse Doherty (Donegal South West, Sinn Fein)
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132. To ask the Minister for Finance the way complaints about the sales process by unsuccessful bidders on properties in which the National Asset Management Agency have an interest are dealt with and the independent scrutiny of such complaints exists; and if he will make a statement on the matter. [28128/14]
Michael Noonan (Limerick City, Fine Gael)
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The Deputy will know that NAMA's role in relation to property is, like a bank, that of a secured lender. The management and sale of property securing NAMA loans are carried out by the owners of that property or, in the case of enforcement, on their behalf by duly appointed receivers. A person with a concern in relation to the sale of property securing NAMA loans should therefore raise that concern in the first instance with the relevant owner or receiver. The Deputy will know that NAMA operates a dedicated email address, , through which members of the public can also raise matters of concern directly with it, including the conduct of sales by its debtors and receivers. All such complaints received by NAMA are fully investigated by it in the context of its role as a secured lender and by reference to NAMA Board guidelines on the disposal of real estate assets. A copy of these guidelines is available on the NAMA website, .
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