Economy

Over 400 new homes delivered from Nama sites in 2023

National Asset Management Agency generated €319 million cash last year

Brendan McDonagh, Nama chief executive. ‘Despite challenging market conditions, Nama continues to generate cash from a much-reduced portfolio, with over €319 million achieved in 2023.’ Picture: Bryan Meade

There were 420 new homes delivered from National Asset Management Agency (Nama) sites in 2023, according to new figures.

A further 440 homes are currently under construction or with funding approved on Nama-secured sites which will be delivered this year and next year, “subject to commercial viability”, Nama said in a statement on Thursday.

In total 34,000 homes have been funded and facilitated by Nama between 2014 and end-2023 through direct Nama funding (14,000) or ...