Written answers

Tuesday, 13 November 2018

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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173. To ask the Minister for Finance the number and location of all completed and unfinished residential units in NAMA's original portfolio including the residential units securing loans acquired by NAMA; and if he will make a statement on the matter. [46744/18]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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I am advised that Sections 99 and 202 of the NAMA Act prohibit NAMA from disclosing confidential debtor information, including information on the assets owned by its debtors. It is therefore not possible to provide information on the location of residential units owned by debtors.

I am advised that NAMA’s acquired loan portfolio was initially secured by some 22,735 residential units in Ireland which included both completed and partially completed units. This number fluctuated over time as debtors and receivers sold units under their control and new supply came on stream as a result of funding provided by NAMA. I am advised that at acquisition, the majority of completed residential units securing NAMA’s portfolio were occupied by tenants and, accordingly, any subsequent disposal of the properties would not have adversely affected these tenancies.

The following table provides a breakdown by county of the 22,735 residential units which secured NAMA’s acquired loan portfolio.

County No of Units
Co. Carlow 203
Co. Cavan 56
Co. Clare 529
Co. Cork 3,729
Co. Donegal 299
Co. Dublin 10,394
Co. Galway 1,380
Co. Kerry 492
Co. Kildare 654
Co. Kilkenny 192
Co. Laois 134
Co. Leitrim 79
Co. Limerick 965
Co. Longford 51
Co. Louth 412
Co. Mayo 344
Co. Meath 475
Co. Monaghan 73
Co. Offaly 129
Co. Roscommon 137
Co. Sligo 466
Co. Tipperary 340
Co. Waterford 264
Co. Westmeath 204
Co. Wexford 472
Co. Wicklow 262
Grand Total 22,735

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