State pays market price to buy back properties sold at discount to vulture funds

The Department of Housing confirmed to The Sunday Business Post that a number of homes which were sold by Nama to Cerberus in recent years are part of a portfolio of properties under offer by the Housing Agency

26th August, 2018

The state has begun buying back properties from vulture funds which it originally controlled via Nama, by paying a market price for assets that were sold at deep discounts to US financial giants in recent years.

The Department of Housing confirmed to The Sunday Business Post that a number of homes which were sold by Nama to Cerberus in recent years are part of a portfolio of properties under offer by the Housing Agency.

The...

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