Nama to meet half of Dublin’s housing needs

Nama-controlled sites have the capacity to cater for 40%-50% of Dublin’s residential housing demand over the next five years, according to the agency’s chairman.

Addressing delegates attending Waterford Chamber of Commerce’s summer lunch, yesterday, Frank Daly said that the agency is not sitting on its hands and is actively working to help address the capital’s housing supply needs; currently estimated to be around 8,000-10,000 new houses and apartments per year (last year, 1,000 new abodes were built).

“On what we call Tier-1 sites — sites that are shovel ready — we will deliver approximately 3,000 new residential units. Half of these are already under construction.