Written answers

Tuesday, 28 March 2017

Photo of Tony McLoughlinTony McLoughlin (Sligo-Leitrim, Fine Gael)
Link to this: Individually | In context | Oireachtas source

130. To ask the Minister for Finance the detail of all NAMA properties in County Sligo which are currently available for purchase; and if he will make a statement on the matter. [15093/17]

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

The Deputy will be aware that NAMA does not own property.  NAMA acquired loans and its role is, like a bank, that of a secured lender. NAMA holds security over properties that are owned by its debtors or, in the case of enforcement, which are managed on behalf of those debtors by duly appointed insolvency practitioners. As a result, where properties which secure NAMA loans are brought forward for sale, such sales processes are managed by the relevant debtor or insolvency practitioner.

The NAMA website () includes a list of properties to which receivers have been appointed and which are either for sale or are likely to be offered for sale through receivers in the near future.  The NAMA website does not include properties being sold by NAMA debtors or their agents, as to do so would identify NAMA debtors and NAMA is legally precluded from doing so. Properties for sale by NAMA debtors, their agents or receivers are sold on the open market and are advertised through the usual sales channels and property websites.

I am advised by NAMA that its debtors and receivers control only a small number of properties in County Sligo and that these are either being prepared for sale or are the subject of court actions.  I am further advised by NAMA that there are currently no properties securing NAMA loans for sale in County Sligo.

Comments

No comments

Log in or join to post a public comment.