NAMA Properties

gmisk

Does anyone know somewhere I can search to find if a property is owned by NAMA?

nice1franko

nama.ie

Rasmus

Why do NAMA properties not seem to be much cheaper than market rate properties?

nice1franko

Their job is to get as much money back for the tax payer as possible.

If they were selling below market rates they would be doing a very bad job.

Rasmus

nice1franko wrote: »

Their job is to get as much money back for the tax payer as possible.

If they were selling below market rates they would be doing a very bad job.

Fair enough. There seems to be some kind of belief that there's bargains available - but not so much.

listermint

Rasmus wrote: »

Fair enough. There seems to be some kind of belief that there's bargains available - but not so much.

There is bargains available. if you are a property developer and want to buy 160 apartments or a whole retail street.

nice1franko

Rasmus wrote: »

Fair enough. There seems to be some kind of belief that there's bargains available - but not so much.

Yeah -well, not unless you work in NAMA.

When they go at auction you might get something at a good price.

Rasmus

listermint wrote: »

There is bargains available. if you are a property developer and want to buy 160 apartments or a whole retail street.

Sure. I'm talking about individual dwellings though.

Villa05

nice1franko wrote: »

Their job is to get as much money back for the tax payer as possible.

If they were selling below market rates they would be doing a very bad job.

By the time nama get the finger out allsop will have all the cash hovered up. Come 2016, we will allget an apartment in ballybackwards to celebrate 100 years of the banama republic

gmisk

I think Nama are unrealistic about pricing....an apartment I looked at was going for 130k....the apartment beside it sold for 110k a few months back.

Is it also true nama own a huge amount of the apartments in the square in smithfield?

Rasmus

gmisk wrote: »

I think Nama are unrealistic about pricing....an apartment I looked at was going for 130k....the apartment beside it sold for 110k a few months back.

Is it also true nama own a huge amount of the apartments in the square in smithfield?

Maybe, if 'Aran Quay Terrace, Dublin 1' (listed on Nama site) is the site you are talking about in Smithfield.

Bigus

gmisk wrote: »

I think Nama are unrealistic about pricing....an apartment I looked at was going for 130k....the apartment beside it sold for 110k a few months back.

Is it also true nama own a huge amount of the apartments in the square in smithfield?

Asking 130 so what did you offer ? Do you think they are going to get the full asking price every time ?

gmisk

I offered 120 and it was rejected....they said it would only be sold at 130.....so yeah obviously nama do....

Bigus

gmisk wrote: »

I offered 120 and it was rejected....they said it would only be sold at 130.....so yeah obviously nama do....

Fair enough so :eek: apologies

Civil servant mentality on their part.