Nama missed opportunity for profits – and we’re paying the price
When it comes to the management of Nama, politics should have yielded to economics
A couple of years ago, I was asked to provide an expert assessment of Nama’s effectiveness in disposing of a large portfolio of real estate loans in Ireland and the United States. Guided by independent professional valuations and by comparable property prices for similar and proximate commercial developments and land sites, my analysis revealed a significant shortfall between Nama-realised prices and the market values of the properties it sold.
The gap between the ...