Wikileaks US Embassy in Ireland cables on NAMA finally published in full (or at least one cable is)

I must say that for me, some of the shine on Wikileaks has worn off in the past two months. The online disseminator of confidential information, most associated with controversial Australian Julian Assange, has been in the headlines constantly in the past two years, though it was founded way back in 2006. The bane of [...]

Read Full Post »

Budget 2012

This entry is probably as welcome as advertisements in August for Christmas 2011, but yesterday the Department of Finance published a document  (EDIT: a searchable, copyable version of the document has been made available by the politicalworld.org website here) which sets out in more specific terms what this Government intends doing in Budget 2012 which [...]

Read Full Post »

Flight of private sector deposits in Irish banks continues in June 2011 but household deposits increase

Figures released by the Central Bank of Ireland (CBI) this morning for the month of June 2011 show that the flight of private sector deposits from domestic Irish banks continued in the month of June, though at a lesser rate than during the more tumultuous months of the past year. In total terms for all [...]

Read Full Post »

UK House Prices increase 0.3% month-on-month in June 2011 (0.2% on seasonally adjusted basis)

The Nationwide Building Society has this morning published its UK House Price data for July 2011. The Nationwide tends to be the first of the two UK building societies (the other being the Halifax) to produce house price data each month, it is one of the information sources referenced by NAMA’s Long Term Economic Value [...]

Read Full Post »

“Knock-down” property auction in Donegal sees one property out of 40 sold

This is a short entry about yesterday’s property auction in Letterkenny held by the Easy Let property company (thanks to commenter “Patrick” for drawing attention to it). The auction was of 40-odd properties, catalogue here. According to Patrick, and indeed the Donegal Daily, only one property was sold during the auction. The Donegal Daily reports [...]

Read Full Post »

NAMA joins select club in Irish corporate history with a €1bn loss

Take a step back from today’s announcement of NAMA’s final results for 2010 which revealed a €1.1bn loss in its first full year’s operation. Okay, we have gotten used to billion-euro-plus losses with our banks – in fact Anglo Irish Bank’s loss for 2010 was €17bn, which made the top 15 global corporate losses in [...]

Read Full Post »

Revealed at last! The NAMA properties subject to enforcement action

The much-anticipated list of properties controlled by NAMA which have been subjected to enforcement action, has just now been published and is available here . You should note that the properties might not necessarily be for sale and also that the entire property shown at an address might not be subject to enforcement. The website addresses [...]

Read Full Post »

NAMA report and accounts for Q1, 2011

In addition to the 2010 Annual Report, NAMA has also published this morning the report and accounts for the first quarter of 2011. The report is here and the accounts are here. Comment and analysis here later.

Read Full Post »

“It behoves everyone to be as creative as possible” – the NAMA 2010 Annual Report

has just been published and is available from NAMA here. (the report itself is here and the version as Gaeilge is here, the press release is here and the  launch presentation is here ) There was a preview of the report on here two weeks ago. There will be comment and analysis here later. The [...]

Read Full Post »

NAMA sells 58 foreclosed Beacon South apartments

Willie Penrose, the Minister of State, Department of Environment, Community & Local Government with responsibility for Housing & Planning, has told 98FM radio in Dublin that Cluid Housing Association has bought 58 apartments in the Beacon South Quarter in Sandyford (see map above) from NAMA. The Department is involved with the transaction on account of [...]

Read Full Post »