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Web Jam For NAMA Properties...

Web jam as 10,000 download list of NAMA properties...

NAMA'S list of property for sale was downloaded by 10,000 people in just a day and a half as bargain hunters scoured the list for cheap deals.

A spokesman for toxic debt agency NAMA revealed last night that it was forced to make emergency changes to its website in order to cope with the unprecedented web traffic.

It came after NAMA made a list of 850 properties it is selling through receivers available for the first time.

The list features property in 25 of the 26 counties as well as Northern Ireland and the UK.

The assets listed include everything from car park spaces and bedsits, through to family homes and significant commercial and industrial assets.

NAMA is not directly selling any of the property but its 150 staff have been inundated with enquiries since the list went live, sources at the agency said.

NAMA is now looking at ways to make the property list easier for the public to access.

It also intends to update the online list on a monthly basis -- a sure sign the agency expects to appoint a steady stream of receivers to assets held by more of the 850 people that owe money to the agency.

If NAMA does update the property list every month it will give a unique insight into where demand for Irish property assets really lie in the current market.

Monitoring which properties come off the list every month will show whether it is family homes, commercial premises or farmland that are selling fastest.

Report by Donal O'Donovan - Irish Independent
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