MyHome.ie Blog
  • MyHome Living
  • News
  • RetroFit Hub
  • Buyers Advice Hub
  • Selling
  • Renting
  • Mortgages
  • Property Report
MyHome.ie Blog
  • MyHome Living
  • News
  • RetroFit Hub
  • Buyers Advice Hub
  • Selling
  • Renting
    • Mortgage Learning Center
    • Calculators
    • Best Mortgage Table
  • Property Report
    • All Properties
    • Houses For Sale
    • Apartments For Sale
    • Available To View
    • Overseas Holiday Homes
      • Properties For Auction
      • Upcoming Auctions
      • BER Assessors
      • Property Conveyancing Solicitors
      • Pre-Purchase Surveyors
    • Find Agents
    • All Properties
    • Houses To Rent
    • Apartments To Rent
    • Available To View
    • Share
      • Irish Holiday Homes
      • Overseas Holiday Homes
  • New Homes
    • For Sale
    • To Rent
    • Auction
      • Residential Land
      • Commercial Land
      • Farm Land
      • Farms
      • Sites
    • MyHome Living
    • Buyer Advice Hub
    • Property Report
    • Property Price Register
    • Price Changes
  • Mortgages
    • Rental
    • Holiday Homes
    • Commercial
    • Sharing
Advertisement
  • Home
  • Uncategorized
  • Daly defends NAMA procedures regarding staff purchases of property
Uncategorized
Oct 24, 2012 - 16:39

Daly defends NAMA procedures regarding staff purchases of property

The MyHome Newsdesk
By The MyHome Newsdesk
Share this article
Facebook Share Twitter Share Linkedin Share Email Share Whatsapp Share
Daly defends NAMA procedures regarding staff purchases of property

NAMA chairman Frank Daly has defended procedures governing the purchase of NAMA properties by the agency's employees.

The current rules only allow the purchase of a principal primary residence, with the prior approval of NAMA management.

In addition, it can only happen where the property has been openly marketed.  Mr Daly said that NAMA controls around 13,000 residential properties.

He added that it was felt that, with these restrictions in place, the policy is a proportionate response to the issue.

Advertisement

Mr Daly has said that 168 debtors being monitored by the agency are receiving salaries totalling €15.5m.

He said the total value of those debtors' debts is €61bn, and that the total overhead and receivers costs amounted to €215m to date.

The chairman said the vast bulk of debtors - 112 out of 168 - continuing to run businesses were receiving salaries of between nothing and €50,000.

He said it could not be said that they were funding extraordinary lifestyles.

NAMA's rationale, its chairman claimed, was that it could be the best commercial decision for NAMA and the taxpayer, if those developers were prepared to work with the agency.

Advertisement

 

Subscribe to our weekly MyHome Living eZine today

Processing your request...

You are subscribed now!

<

  • Tags
  • chairman
  • employees
  • Frank Daly
  • management
  • marketed
  • NAMA
  • NAMA properties
  • principal primary residence
  • purchase
The MyHome Newsdesk
By The MyHome Newsdesk
Share this article
Facebook Share Twitter Share Linkedin Share Email Share Whatsapp Share

Helpful Links

Find your home on MyHome
Read more Articles
Calculate what you can afford to borrow
Welcome to the Retrofit Hub
Advertisement
Advertisement

Related News

What is a Heat Pump?
Uncategorized

What is a Heat Pump?

Feb 27, 2025
Living Cities Initiative
Uncategorized

Living Cities Initiative

Jan 14, 2025
Digital Services Act
Uncategorized

Digital Services Act

Mar 31, 2024
Avant Money and Finance Ireland announce new rates
Uncategorized

Avant Money and Finance Ireland announce new rates

Dec 09, 2021
Average deposit of first-time buyer was €52,000 in first half of the year
Uncategorized

Average deposit of first-time buyer was €52,000 in first half of the year

Dec 07, 2021
Frequent And Popular Searches
  • Buy
  • Rent
  • Featured
  • Property
  • Homes
  • Apartments
  • Property Dublin
  • Property Waterford
  • Property Galway
  • Property Limerick
  • Property Cork
  • Property Kildare
  • Property Meath
  • Houses Dublin
  • Houses Waterford
  • Houses Galway
  • Houses Limerick
  • Houses Cork
  • Houses Kildare
  • Houses Meath
  • Houses Clonmel
  • Houses Wexford
  • Houses Wicklow
  • Apartments Dublin
  • Apartments Waterford
  • Apartments Galway
  • Apartments Limerick
  • Apartments Cork
  • Apartments Kildare
  • Apartments Meath
  • Country Houses
  • Cottages
  • Farms
MyHome.ie Blog
Help
Jobs
About
Equality Guidelines
Brand Safety
Contact
Terms & Conditions
Cookie Policy
Privacy Policy
Digital Services Act
Sitemap
© Copyright MyHome.ie 2025
Advertisement