Thursday 21 September 2017

NAMA seeks to inject confidence

Yesterday's move by NAMA to effectively guarantee homebuyers against future price falls represents another effort to restart the stalled housing market.

Under the scheme unveiled by NAMA, purchasers of new houses now owned by the "bad bank" will only pay 80pc of the price up front.

The remainder will only come due for payment in five years. The house will then be valued and NAMA will absorb any price falls up to 20pc.

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