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01/08/2012
NAMA Launch Vacant Property Scheme
The National Asset Management Agency (NAMA) is stepping up efforts to free vacant properties around the country for social housing.
NAMA has reportedly set up a new firm called Nama Asset Residential Property Services Limited, to acquire the target of almost 2,500 properties by the end of 2013.
Fewer than 60 properties have been freed up for social housing since NAMA was set up three years ago.
It will take possession of properties deemed suitable, allowing the original owner to reduce what they owe on the NAMA loan.
NAMA will then lease the property directly to the local authority or housing organisation.
(CD/GK)
NAMA has reportedly set up a new firm called Nama Asset Residential Property Services Limited, to acquire the target of almost 2,500 properties by the end of 2013.
Fewer than 60 properties have been freed up for social housing since NAMA was set up three years ago.
It will take possession of properties deemed suitable, allowing the original owner to reduce what they owe on the NAMA loan.
NAMA will then lease the property directly to the local authority or housing organisation.
(CD/GK)
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Property Prices Rise By 13% In The Year To February
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Ireland WeatherToday:A mostly cloudy start with scattered showers, the showers becoming more isolated and largely confined to the south this morning. Becoming brighter this afternoon, the best of any sunnier spells across northern counties. Northerly winds easing. Maximum temperature 12 °C.Tonight:A dry evening with late sunny spells and some long clear spells overnight. Becoming cloudier across the north towards dawn with a few showers possible. Touch of frost in south. Minimum temperature 0 °C.
