Vast majority of sites sold by Nama are lying idle

Up to 50,000 housing units could be built on sites which have been bought in the main by vulture funds

1st October, 2017
2
Barry Cowen

Over 90 per cent of sites sold by Nama are lying idle, figures obtained by The Sunday Business Post show.

Lands sold by the agency largely to overseas investors including private equity firms commonly termed ‘vulture funds’ could accommodate up to 50,000 housing units - but only 3,670 housing units are in construction or completed.

The figures, which were released to Fianna Fáil housing spokesman Barry Cowen, show that building has commenced on former Nama lands...

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