NAMA land to revert to farming values

LAND seized from Irish developers and now the subject of enforcement order via receivers and liquidators has been marketed by NAMA — and much of it will revert to farmland values when sold.

Last week, NAMA published a list of 850 properties controlled by a range of receivers, much of it up for sale for a fraction of the price paid for it during the speculative decade of boom.

It includes farmland sold in deals worth up to €6 billion, and traded in some cases for development value, sometimes for millions per acre.