(Click to enlarge – extract of new property added in the second edition of NAMA’s Enforcement List published today) Sooner than expected, NAMA has this afternoon published its second so-called “Enforcement List” – real estate properties subject to NAMA loans to which receivers have been appointed. The list is available as a non-searchable PDF here – [...]
Archive for August, 2011
Stop press! NAMA publishes second edition of its enforcement list; more properties for sale
Posted in Irish Property, NAMA, Non-Irish property, Northern Ireland on August 31, 2011 | 5 Comments »
No let-up in flight of private sector deposits from Irish banks in July 2011
Posted in Banks, IMF, Irish economy, Politics on August 31, 2011 | 43 Comments »
You really have to hand it to institutions in this country. Last week RTE unmasked what it claimed was a Garda informant – it gave his name, his age and his address. And yesterday RTE reported that a prisoner had absconded from the Mid-Western Regional hospital. Did RTE bother to reveal the prisoner’s name, description [...]
More NAMA property reportedly for sale in London
Posted in Developers, NAMA, Non-Irish property on August 31, 2011 | 7 Comments »
We might have to wait for another next week to ten days before NAMA issues its second edition of its famous “enforcement list” – properties to which it has appointed receivers and which are potentially up for sale. Of course the list is only of property to which NAMA has appointed receivers, and there will [...]
NAMA selling more McCabe property in London
Posted in Developers, NAMA, Non-Irish property on August 30, 2011 | 1 Comment »
London’s Evening Standard is reporting that NAMA is selling a partly complete 27-storey mixed used development in Hackney, east London that was formerly part of John McCabe’s empire. The property is at 159 City Road, London EC1 V 1JH (pictured here on McCabe UK’s website and here at Skyscraper News which carries the planning and [...]
CSO residential property indices for July 2011 published – declines continue with a dramatic decline in apartment prices
Posted in Irish Property, NAMA on August 29, 2011 | 7 Comments »
This morning has seen the publication of the fifth CSO residential property price indices forIreland. 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 July 2011. Here’s the summary showing the index at its peak, [...]
Arrears and repossessions data for Q2, 2011 confirm dreadful state of Irish mortgages
Posted in Banks, Irish Property on August 29, 2011 | 34 Comments »
This morning, the Financial Regulator Matthew Elderfield has finally released data on mortgage arrears, repossessions and restructured mortgages for the second quarter of 2011; the press release is here, the statistics are here. The data paints a disturbing picture of the deteriorating state of mortgage arrears. Total mortgages in arrears for more than 90 days [...]
What has our Financial Regulator in common with Buzz Lightyear?
Posted in Banks, Irish economy, Irish Property, Non-Irish property, Politics on August 27, 2011 | 19 Comments »
Take a look at the above table which compares residential mortgages in Ireland and the UK. Arrears over 90 days in the UK are less than one third the level ofIreland, and yet the repossession rate in the UK is nearly six times that of Ireland. What an incredible difference between two neighbouring countries whose [...]
New protest banner unveiled above Boyzone star’s former place of work
Posted in Irish Property, Politics on August 26, 2011 | 23 Comments »
As campaigns go, you have to admire the chutzpah and clarity of the one illustrated above. The photograph shows a banner unveiled today above Korky’s shoe-shop in Grafton Street in Dublin, a couple of hundred metres from Government buildings. The subject of the banner is one of the most vexed issues in Irish commercial property [...]
NAMA developer puts house on market (for €2.9m)
Posted in Developers, Irish Property, NAMA, Non-Irish property on August 26, 2011 | 8 Comments »
Developer Robert Butler’s 16,500 sq ft mansion in the grounds of Adare Manor, Limerick is up for sale through Sherry Fitzgerald for €2.9m (just €175 psf, the advertisement on DAFT.ie is here). Known as “Winterwood” the house is set on its own plot of 2.8 acres within the wider 840-acre hotel and golf resort; it [...]
The truth about NAMA’s debt forgiveness program
Posted in Banks, Developers, NAMA on August 25, 2011 | 52 Comments »
“There has been some comment that the consequence of this objective is that NAMA, having recovered its outlay, will then absolve borrowers of their further obligations. This is absolutely not the case. Borrowers, as both I and NAMA’s CEO Brendan McDonagh have already said on a number of occasions, will continue to be liable for [...]
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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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