Interest gives boost to property market
Published 29/07/2011 | 05:00
The amount of interest generated by NAMA's publication of properties for sale underlines the phenomenal interest in the sector, even in the current economic climate.
The announcement of the €1.1bn loss recorded by NAMA in 2010, coming on top of Wednesday's CSO announcement that the rate at which house prices are falling had accelerated in June, demonstrated yet again how uncertain a market can be.
NAMA took the opportunity of the publication of its 2010 annual report to unveil a scheme under which buyers would be effectively loaned 20pc of the purchase price of homes which they bought from the agency for up to five years.