Flooding market makes no sense, says Nama chief

If Nama undertook a firesale of its assets it would be very damaging for the economies of the Republic and the North, according to the agency’s chairman, Frank Daly.

Nama’s approach to asset divestment was to gauge market appetite and create supply where there is demand, he told the Belfast Chamber of Commerce.

“Sometimes people get impatient with measured approaches and I get the feeling that there is a minority view in Northern Ireland, as indeed there is in the Republic, that Nama should administer some shock therapy to the market by flooding it with supply — the hope perhaps being that such radical treatment will somehow accelerate its recovery.