Written answers

Tuesday, 13 November 2018

Department of Finance

NAMA Property Sales

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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174. To ask the Minister for Finance the number and location of all residential units sold by NAMA debtors receivers since inception; the number of those units sold at NAMA loan sales by year since its inception; the breakdown of the residential sales into lot sizes (details supplied); and if he will make a statement on the matter. [46745/18]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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I am advised that, since inception, a total of 19,224 residential units located in the Republic of Ireland have been sold by NAMA debtors and receivers. These residential units were owned by NAMA debtors and the sales proceeds were used to repay associated debt. The figures include both completed and partially completed units, as well as over 8,000 new houses or apartments delivered through NAMA funding. Also included are 2,407 units which were sold to local authorities, approved housing bodies or NARPS for social housing use.

A breakdown by year and by lot size of the 19,224 residential units sold is presented in the table below.

Year Lot Size Units
2010 1-2 165
3-20 81
21-50 -
51+ 51
2011 1-2 365
3-20 152
21-50 -
51+ 81
2012 1-2 445
3-20 122
21-50 27
51+ 111
2013 1-2 689
3-20 259
21-50 143
51+ 123
2014 1-2 1,242
3-20 498
21-50 310
51+ 1,364
2015 1-2 1,638
3-20 1,158
21-50 722
51+ 1,241
2016 1-2 1,559
3-20 447
21-50 250
51+ 1,255
2017 1-2 1,701
3-20 311
21-50 275
51+ 450
2018 1-2 1,298
3-20 158
21-50 293
51+ 240
Grand Total 19,224

NAMA is prohibited, under Sections 99 and 202 of the NAMA Act, from disclosing confidential debtor information, including the exact location of assets controlled by its debtors. The following table provides a breakdown by year and by county of residential units sold by NAMA’s debtors and receivers.

County201020112012201320142015201620172018Total
Co. Carlow1212437285
Co. Cavan22132411346
Co. Clare2712153525622523377
Co. Cork211041712472965794952792432,435
Co. Donegal122931636197
Co. Dublin1833212893612,1202,0682,3001,9861,38511,013
Co. Galway6233194171383146112451,011
Co. Kerry2948502021276
Co. Kildare40193812914490104146154864
Co. Kilkenny361082386196161
Co. Laois162163107121184
Co. Leitrim11110179241
Co. Limerick1820401381564857423
Co. Longford759223129
Co. Louth7750432846558199
Co. Mayo1248421121170
Co. Meath4671105195372813351
Co. Monaghan213410
Co. Offaly110191331166
Co. Roscommon2136144975
Co. Sligo15323261546218
Co. Tipperary918454123192
Co. Waterford2103619114182174
Co. Westmeath74452555152153
Co. Wexford512315681009351302
Co. Wicklow510131038427210577372
Grand Total2975987051,2143,4144,7593,5112,7371,98919,224

The majority of units sold in Co Dublin during the period 2014-2018 were new units funded by NAMA. An additional 6,146 units were included as security for loan sales undertaken by NAMA but there was no change in the ownership of these units arising from the loan sales.

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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175. To ask the Minister for Finance the amount of residential and zoned land in hectares sold by NAMA debtors and receivers and through loans sales since inception; if he will provide a list of the zoned residential sites by year, location and local authority area; and if he will make a statement on the matter. [46746/18]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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I am advised that it was not possible for NAMA to provide the information sought in the time available and therefore I will make arrangements to provide the outstanding information in line with Standing Orders.

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