NAMA chief says property outlook has improved

The head of NAMA has said prospects have improved for commercial property and investors are starting to return.

28th September, 2012
NAMA'a Brendan McDonagh

Property oversupply is becoming less of an issue in Ireland's major economic centres, according to the head of the National Asset Management Agency (NAMA).

Speaking at the Construction Industry Federation's national conference, Brendan McDonagh said prospects for commercial property were more positive than at any other time in the last five years.

However he predicted there would be no dramatic recovery for residential property in the next year.

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