In its quarterly survey of the opinions of Chief Financial Officers, Deloitte today reveals that confidence in NAMA’s ability to restore credibility and integrity to the banking sector is on the rise with 55% of respondents expressing positive views on NAMA’s impact compared with 51% in the previous quarter and on the narrower question of NAMA’s effect on increasing the availability of credit to business, the number went up to 66% from 60% previously.
On the question of property valuation, CFOs were asked their opinions on valuations of commercial property and although the majority still think commercial property is overvalued, the % thinking it is undervalued is now 22%, up from 15% in the previous quarter – a glint of hope for commercial property prices?
The CFOs surveyed are those at listed companies, large (undefined) companies and Irish subsidiaries of overseas multinational companies.
NAMA Wine Lake 