A new investor presentation from the National Treasury Management Agency claims that commercial property prices may have bottomed out, but residential property is not yet "compelling".
The presentation, available on the [NTMA's website](http://www.ntma.ie/Publications/2012/NTMAPresenationIrelandOnRecoveryPathJan2012.pdf), also indicates that domestic deposits have stabilised and that Nama, which is part of the NTMA, has raised €6 billion from asset sales.
The report says that Nama's operating profit for 2011 may exceed €600...
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