Written answers
Thursday, 5 November 2015
Department of Environment, Community and Local Government
NAMA Property Sales
Bernard Durkan (Kildare North, Fine Gael)
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237. To ask the Minister for Environment, Community and Local Government the extent to which he continues to monitor sales of property by the National Asset Management Agency with a view to identifying the extent to which such residential property has been acquired by first-time home buyers; the proportion of such disposals that have gone to investors; and if he will make a statement on the matter. [38824/15]
Alan Kelly (Tipperary North, Labour)
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The sale of residential property by NAMA for purposes other than for social housing is a matter solely for NAMA. My Department does not monitor these sales nor identify the end purchaser of such properties.
Since December 2011, my Department, the Housing Agency and NAMA have been engaged in identifying and securing properties that might potentially be suitable for social housing purposes. To the end of September 2015, 1,600 have been delivered for social housing use under this process. This figure includes 1,241 units that are complete and a further 359 units where contracts have been signed and final completion works are under way. A further 486 properties are considered as being active transactions whereby terms are agreed or active negotiation is on-going by all parties concerned or where a detailed appraisal is being carried out. An additional 440 properties are to be further appraised.
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