Written answers

Thursday, 13 November 2014

Department of Finance

NAMA Property Sales

Photo of Robert TroyRobert Troy (Longford-Westmeath, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

73. To ask the Minister for Finance if his attention has been drawn to the practice being carried out by the National Asset Management Agency whereby it is selling property without adequate advertising, thereby reducing the opportunity to realise the best possible price for the asset; if he will make inquiries into this practice and ensure it ceases; and if he will make a statement on the matter. [43557/14]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source

I note that the Deputy has provided no detail to support this allegation.  NAMA's policy is that the sale of all loans and the sale of properties by debtors and receivers should be openly marketed to ensure that the best price available in the market is achieved in all instances.  NAMA has provided extensive information on the conduct of both loan sales and the sale of properties by debtors and receivers and its approach to open marketing has been confirmed by the Comptroller and Auditor General.  In this regard, I refer the Deputy in particular to the Comptroller and Auditor General's NAMA Progress Report 20102012, which was published May of this year.  NAMA operates a dedicated email address, , to enable TDs and Senators to raise matters of concern directly with it and I would recommend that if the Deputy is concerned about a particular sale, he should feel free to bring this to NAMA's attention at this address.  I can assure the Deputy that NAMA fully investigates all matters of concern brought to its attention.

Comments

No comments

Log in or join to post a public comment.