NAMA website revamped to speed up deals on properties
Bargain hunters hoping for a property deal from NAMA now have access to crucial details including prices and pictures of €1bn worth of seized properties being sold by the agency for the first time.
It follows a major revamp of the state agency's website.
The National Asset Management Agency (NAMA) first published a list of all of the properties it has seized from developers and put up for sale in July last year.
However, after an initial surge of interest, the number of people viewing the information quickly dwindled.
That's because the 'list' was just that, a simple list of hundreds of properties, with little or no detail.
Now the launch of the new, more user-friendly catalogue means property hunters can search for individual NAMA properties by county and property type.
Crucially, the new catalogue allows users to click through to detailed sales brochures for many of the properties -- with prices, pictures and full particulars of sale. It includes contact details for sales agents marketing the property.
It means someone looking for a list of pubs being sold by NAMA in Dublin, or houses and apartments on the market in Donegal can now search the website in the same way they'd search for any other online property site.
Once they have narrowed down their search they can click through to a detailed brochure, if the receiver has got as far as appointing an agent to market the asset.
Prices range from €50,000 for a house in Thomondgate, in Limerick city, to tens of millions for high-spec Dublin offices.
While there are houses and apartments listed for sale, the bulk of NAMA's properties are more commercial in nature. They are more likely to appeal to well-heeled investors and, in some cases, large international institutions.
NAMA, or its debtors, own 121 hotels, for example. On the website, pubs, warehouses and office blocks dominate.
The website includes details of properties in the UK and Northern Ireland, as well as almost all counties in the Republic.
Not all of the properties listed are for sale, though all should be put on the market over time.