Skip to main content

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

Popular posts from this blog

Ireland's Celtic Tiger Excesses...

'Bang twins' may never get to run a business again... POST-boom Ireland is awash with cautionary tales of Celtic Tiger excesses, as a rattle around the carcasses of fallen property developers and entrepreneurs will show. Few can compete with the so-called Bang twins for youth, glamour and tasteful extravagance. Simon and Christian Stokes, the 35-year-old identical twins behind Bang Cafe and exclusive private members club, Residence, saw their entire business go bust with debts of €9m, €3m of which is owed to the tax man. The debt may be in the ha'penny place compared with the eye-watering billions owed by some of their former customers. But their fall has been arguably steeper and more damning than some of the country's richest tycoons. Last week, further humiliation was heaped on them with revelations that even as their businesses were going under, the twins spent €146,000 of company money in 18 months on designer shopping sprees, five star holidays and sumptu...

Property Crash Homes For Sale...

Hundreds of repossessed homes in Ireland to be sold by auction... UK property consultancy Allsop to hold auction in April at Dublin's Shelbourne hotel: Flats in Ireland that could have fetched €150,000 in the Celtic Tiger years are to be put on the market for as little as €25,000 (£21,000) in the country's first ever mass auction of repossessed homes. And, in a sign of how wide the property crash is, the latest item to turn up in liquidation sales in Dublin is a job lot of 15 cranes, including a pair towering over Anglo Irish Bank's half-built headquarters in the city's docklands. "Tower cranes were among the most sought-after heavy plant and machinery 10 years ago," Ricky Wilson of Wilsons Auctions says. "You couldn't buy them quick enough. Now they are left idle for two or three years on sites." He has 15 cranes worth €500,000 going on sale on 26 March, with German, Dutch and Polish buyers expressing interest. But it is the auction ...

Varadkar says it’s ‘not the worst thing’ that Ryanair is buying up homes for staff

25 of the 28 units in a new development at Fostertown Place in Swords were purchased by Ryanair for their cabin crew. TAOISEACH LEO VARADKAR says he does not have any issue with Ryanair or other companies buying up almost entire housing estates for their staff. He said there is a big difference between companies like Ryanair bulk-buying houses and apartments compared to investment funds. “We are building over 30,000 new homes now every year,” he said. “If you think about it, that’s 70,000, 80,000 or 90,000 bedrooms every year so we are finally seeing housing being built on scale,” Varadkar said. “We want to scale that up this year and next year as well because we do have a rising population and family sizes are getting smaller, so we need more housing and we are making progress,” he said. “In relation to Ryanair specifically, I don’t think it is the worst thing that a company would buy accommodation for their staff. It’s not the first time this has happened, it has be...