Earlier this week, the Department of the Environment, Community and Local Government released a report from the Housing Agency detailing the social housing list – households in need of a permanent home, which the State is obliged to provide. The report itself is here and it sets out in some detail the composition of the [...]
Archive for September, 2011
Ireland – a country with over 300,000 vacant homes but 100,000 households on State housing lists. A joke or an opportunity?
Posted in Irish Property, Politics, vacant property on September 30, 2011 | 8 Comments »
Conspiracy? Probably not.
Posted in Banks, Irish economy, Uncategorized on September 30, 2011 | 8 Comments »
About a year ago on here there was an entry about the meeting on the night of 29th of September 2008/early morning of 30th September 2008, the meeting which give rise to Ireland – population 4.5m, GDP €160bn – guaranteeing the liabilities, all €440bn of them, in the Irish banking system. Subsequently that system imploded [...]
Irish distressed auction raises €2.4m and has 91% success rate; Allsop Space has competition.
Posted in Banks, Developers, Northern Ireland on September 30, 2011 | 3 Comments »
Yesterday Northern Irish auctioneers Osborne King held a pretty successful auction of some 27 properties in Belfast, an auction which shared many of the characteristics of the three recent Allsop Space auctions on this side of the border – the properties were mostly foreclosed or sold on the instruction of the mortgage lender, the concept [...]
NAMA sells €800m loans in Paddy McKillen’s Maybourne group at a profit
Posted in Developers, Hotels, NAMA, Non-Irish property on September 29, 2011 | 21 Comments »
Judging by the hoopla that surrounded the off-market sale of the Montevetro building in Dublin to Google by a NAMA developer at the start of this year – which until this morning was the only confirmed sale publicised by the agency – we may never hear the end of the sale announced just now by [...]
NAMA signals early disposal of 50% of its assets
Posted in Developers, Irish Property, NAMA, Non-Irish property, Politics on September 29, 2011 | 2 Comments »
Yesterday (very late in the day), NAMA posted a tender for advisers to assist the agency with the disposal of its USand European (including the UK, but excluding Ireland) loan portfolios. The notice is here but you will have to register with the Irish government procurement service to access the full text (registration is free). [...]
UK House Prices increase 0.2% month-on-month in September 2011 (increase of 0.1% on seasonally adjusted basis)
Posted in NAMA, Non-Irish property on September 29, 2011 | Leave a Comment »
The Nationwide Building Society has this morning published its UK House Price data for September 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 [...]
NAMA property receiver firm urges NAMA not to sell below “value range”
Posted in Irish economy, Irish Property, NAMA, Non-Irish property on September 28, 2011 | 11 Comments »
Take a look at the graphic at the top of this page which represents a chart showing NAMA’s impact on property prices inIreland. What NAMA was supposed to do, and which it has done to date, has been to halt (or at least retard) a decline in property prices by removing certain property-backed loans from [...]
The first housing estate bulldozed by a council in Ireland – before and after pictures
Posted in Irish Property, Politics, vacant property on September 28, 2011 | 6 Comments »
In light of the claim by the Department of the Environment, reported in today’s Irish Independent that no council has demolished an estate in Ireland, above are photographs evidencing the demolition of one estate in County Westmeath reported here in the Mullingar Advertiser. But is it the only estate bulldozed by a council inIreland? What: [...]
NAMA to sell 750 homes from as soon as next week with new mortgage product
Posted in Developers, IMF, Irish Property, NAMA, vacant property on September 28, 2011 | 2 Comments »
The NAMA CEO, Brendan McDonagh delivered a speech to the Irish Council for Social Housing (ICSH) in Salthill this morning in which he gave further details of the NAMA negative equity mortgage product. It is, said Brendan, hoped that the new mortgage product will be trialled in Q4, 2011 (which starts in a couple of [...]
Phil Hogan’s Department of the Environment doesn’t think any council has yet bulldozed a ghost estate. Maybe it should get out more.
Posted in Irish population, Irish Property, NAMA, Politics, vacant property on September 28, 2011 | 8 Comments »
Every time I hear the mantra that during the 2000s we replaced our economic model of the 1990s – built on competitiveness and industry – with one where we sat around hoping to make a quick buck by selling property to one another, I wince. Why? Irelandin the early 2000s had a housing shortage, it [...]
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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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