Written answers
Wednesday, 5 November 2014
Department of Finance
NAMA Portfolio
Paul Murphy (Dublin South West, Socialist Party)
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73. To ask the Minister for Finance if he will provide data in tabular form of the number of houses and apartments that are in the possession of National Asset Management Agency that have been sold in the past 18 months, being rented, otherwise occupied and vacant; the total rental income on the units being rented or otherwise occupied. [42442/14]
Michael Noonan (Limerick City, Fine Gael)
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The detail sought by the Deputy is set out below.
Table: Completed residential stock held by NAMA debtors and receivers (Republic of Ireland)
| Residential units securing NAMA loans sold within the past 18 months | 4,000 |
|---|---|
| Residual residential portfolio* | 14,000 (10,000 apartments/4,000 houses) |
| Of which, total rented properties | 9,400 |
| Total annual rental income | €95m |
Note:Completed properties that are not currently let are available on the open market for sale or rent through NAMA debtors or receivers or have been made available for social housing and are currently subject to transactions with local authorities/approved housing bodies. Many of these properties required NAMA funding to bring them to completion and, accordingly, have only recently become available for sale or rent.
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