Nama has sold more development land in Cork than Dublin
Cork city and county have provided the largest quantum of residential zoned land sold by Nama so far, with over 1,500 acres disposed of since the agency's formation.
In a written Dáil reply to TD Ruth Coppinger, Minister for Finance Michael Noonan confirmed that 5,601 acres have been sold by Nama either through debtor sales or disposal of loan portfolios secured by Nama throughout the country.
Minister Noonan said that the second highest county is Dublin city and county, where sales of Nama residential zoned land totals 1,099 acres.
Minister Noonan said that Nama's advice is that "some of the lands were not zoned, some had been de-zoned by local authorities and many had a mixture of zonings including amenity, commercial, retail, community, educational and green space".
"In some cases, development of the sold lands remains unviable for commercial, planning and infrastructural reasons," he said.
Meath ranked third in terms of the sale of Nama residential zoned land, with 931 acres disposed of.
The next highest sales were in Kildare, where 370 acres have been disposed of, and Wicklow where 353 acres have been sold.
The figures show that Waterford is ranked 6th overall, with 333 acres sold.