Board index » The IRISH PROPERTY BUBBLE » NAMAwatch (Pt. I)

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 Post subject: NAMA to fund development of 4500 Dublin homes over 18 months
PostPosted: Thu Sep 11, 2014 12:53 pm 
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http://www.rte.ie/news/business/2014/09 ... ng-dublin/

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The National Asset Management Agency says it has put funding in place for the development of 4,500 new housing units in Dublin, which it hopes will be completed by the end of 2016.

Around 2,000 of those units are already under construction, according to the agency, with work on a further 1,000 ready to begin in six areas of the county.

NAMA says it has also identified sites linked to its debtors that could allow for the development of around 25,000 units in total.


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 Post subject: Re: NAMA to fund development of 4500 Dublin homes over 18 mo
PostPosted: Fri Sep 12, 2014 3:26 pm 
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This is great news. Finally something serious on the supply side. God knows the market needs it.

Only issue is, it might be years before they finish them.


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 Post subject: Re: NAMA to fund development of 4500 Dublin homes over 18 mo
PostPosted: Sun Sep 28, 2014 8:34 pm 
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There is a lot of action around NAMA owned unfinished apartments recently - e.g Wyckham Way, where 500m north there is almost empty Dundrum View after nama refurbishment .

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Why it was so windy there?... I am out.

For future reference, a 'soft landing' theorem:
06/2007: Central Bank predicts soft landing for housing
http://www.independent.ie/business/iris ... 96858.html
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 Post subject: Re: NAMA to fund development of 4500 Dublin homes over 18 mo
PostPosted: Sun Sep 28, 2014 9:26 pm 
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Based on their actions to date, I imagine that these properties (the apartments, certainly) will be rented rather than sold into the market.


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 Post subject: Re: NAMA to fund development of 4500 Dublin homes over 18 mo
PostPosted: Sun Sep 28, 2014 9:29 pm 
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NAMA should be liqudated.

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 Post subject: Re: NAMA to fund development of 4500 Dublin homes over 18 mo
PostPosted: Sun Sep 28, 2014 9:34 pm 
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Open Window wrote:
NAMA should be liqudated.


+1


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 Post subject: Re: NAMA to fund development of 4500 Dublin homes over 18 mo
PostPosted: Sun Sep 28, 2014 10:37 pm 
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One question is why the uninspiring time line. why the f takes 18 months to build when
many are part built
all have planning
any amount of spare labour around

12 months max
If they are supposedly aiming for 18 mnts, id say 24 mnts will be the reality.

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 Post subject: Re: NAMA to fund development of 4500 Dublin homes over 18 mo
PostPosted: Fri Oct 03, 2014 7:55 pm 
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Planning Tribunal Attendee

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Open Window wrote:
NAMA should be liqudated.


not before next elections..

NAMA is biggest developer and landlord in the country.
NAMA can manipulate market as well as economy with little effort.
NAMA is there to help Enda win next elections.
NAMA like most of home organisations in Ireland is state owned:
Irish Social Republic :)

_________________
Why it was so windy there?... I am out.

For future reference, a 'soft landing' theorem:
06/2007: Central Bank predicts soft landing for housing
http://www.independent.ie/business/iris ... 96858.html
It's all grand


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