It’s been almost two months since NAMA was publicly banging its shields and warning that the loans of up to five Top 30 developers may be at risk of enforcement action. News coming through from credible sources that NAMA has failed to agree a memorandum of understanding with (EDIT) David Daly, the 61-year old north [...]
Archive for June 22nd, 2011
NAMA understood to have pulled plug on David Daly’s (EDIT) personal assets
Posted in Developers, Irish Property, NAMA, Non-Irish property on June 22, 2011 | 27 Comments »
Uninspiring government announcement to reduce some senior public sector pay levels
Posted in Irish economy, Politics on June 22, 2011 | 21 Comments »
Just to boost your rage-levels which might be flagging mid-week, there has been an announcement today by Minister for Public Expenditure and Reform, Brendan Howlin about what RTE refers to as the (1) “general” pay level for (2) “future” appointments to (3) “higher positions” in the public service The pay will apparently be capped at [...]
“we do not anticipate there being any major speculative development for the next five to seven years” – Savills, Ireland
Posted in Developers, Irish population, Irish Property, NAMA on June 22, 2011 | 2 Comments »
Well that seems about right. The above is from Joan Henry, head of research at Savills in Ireland and she is referring to Irish residential property development following the publication of Savills latest summary of development land values in Ireland – available here. Still, the assessment is sobering; that it might be 2015 or indeed [...]
CSO residential property indices for May 2011 published, Dublin house prices increase, declines otherwise continuing across the board
Posted in Irish Property, NAMA on June 22, 2011 | 5 Comments »
This morning has seen the publication of the third CSO residential property price indices for Ireland. The inaugural series was published by the CSO on 13th May 2011 and covered the period from January 2005 to March 2011. This morning’s release covers the month of May 2011. Here’s the summary showing the index at its [...]
Is NAMA selling UK property below market value?
Posted in Developers, NAMA, Non-Irish property on June 22, 2011 | 5 Comments »
A little while ago on here there was an entry here which examined the so-called “Paddy premium”, the suspicion that Irish property investors were overcharged in their foray into the British property market in the 2000s, and the “NAMA knock-down”, the suspicion that NAMA would take what it could for property and that buyers would [...]
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Recent Posts
- Northern Ireland’s residential property price collapse – the worst in the world?
- Are we recovering?
- NAMA’s report and accounts for Q4,2011
- 30-minute guide to the ESM and Fiscal Compact treaties
- Fiscal Compact referendum – final weekly review
- NAMA in negotiations to build major new office block in central Dublin
- NAMA tackled about its protocols for the disposal of assets amid concern at Cork sale
- Of the Week..
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Recent Comments
JP on Northern Ireland’s residential… Jake Watts on Northern Ireland’s residential… who_shot_the_tiger on Northern Ireland’s residential… who_shot_the_tiger on Northern Ireland’s residential… gerhard dengler on Are we recovering? Twitter Updates
- @OwenCallan Thanks! How many negatives make for a downgrade, I suppose. An Taoiseach says it *will* be just one more. 1 hour ago
- Northern Ireland’s residential property price collapse – the worst in the world? wp.me/pNlCf-2Es 7 hours ago
- @brianmlucey @declanganley @GTCost The IRL experience is that some patients should be let die. 9 hours ago
- @joehas @declanganley @brianmlucey @GTCost I get the impression it's forcing itself back on the table after Bankia. 9 hours ago
- @declanganley @brianmlucey @GTCost You set up a NAMA to suck out the poison OR hope the patient fends for themselves OR let the patient die 9 hours ago
- @OwenCallan Hi Owen! Has any ratings agency said it *will* downgrade IRL if there is a no vote;All S&P said no wd be credit neg in s-term 11 hours ago
- PIIGS yields mixed;SPN/ITA up at 6.5/5.7% as Bankia gets €19bn bailout; what’s SPN for “cheapest bailout in history” wp.me/PNlCf-19r 15 hours ago
- @YJB57 You never know! Peter Mathews giving a candid assessment of the Compact before Thursday could just be this vote's black swan event. 16 hours ago
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