NAMA’s property details revealed

NEW INFORMATION REVEALS NUMBER OF NAMA HOLDINGS IN KERRY

A MORE complete picture of the National Asset Management Agency ‘s (NAMA) holdings in Kerry has been revealed on foot of Dáil enquiries.

Following a series of written questions from Dublin People Before Profit Alliance TD Richard Boyd Barrett Finance Minister Paschal Donohoe has provided details of all the NAMA controlled properties that are located across the country.

According to the figures issued by the Finance Minister, as of this month, NAMA currently manage or control 492 residential properties in Kerry.

It is not specified whether these are individual houses or homes in apartment buildings or other multi unit developments.

When NAMA was first founded, in late 2009, it had a considerably larger portfolio in the county but a significant number of these properties were since sold by the agency.

Between 2010 and October 2018 NAMA sold 276 residential units in Kerry. The vast majority of the sales were made in 2014 and 2015 when 252 Kerry properties belonging to NAMA debtors and receivers were sold off.

Just a single NAMA residential property has been sold in Kerry since the start of 2016.

Deputy Boyd Barrett had also sought information on how many NAMA properties were suitable for, and how many had been offered for use as, social housing.

Minister Donohoe did not issue figures for how many houses had been offered for social housing use but he did outline that a significant number in Kerry were unsuitable.

Of the 492 houses managed by NAMA in Kerry 27 were located in areas where there is (according to Kerry County Council responses to NAMA offers of property) “no demand” for social housing. A further 27 were deemed as “not suitable” or “unavailable” often because they were unfinished.