NAMA’s role will require delicate balancing act

WITH the Government intent on pressing ahead with the National Management Agency (NAMA) to take control of €90 billion of bank property assets, several key questions still remain to be answered.

Perhaps the most pressing of these is how to value those assets without destroying the market in the process?

One of the real dangers at present is, because of the absence of any real demand in the market for properties or land, using conventional market values could be a disaster for the sector.