Latest: Developers hoarding land 'a big feature' housing crisis, says Nama chief

The chairman of Nama has said anyone who thinks that the agency can solve the housing crisis alone is mistaken.

Update 12.40am: The chief executive of Nama has said that there is an issue with developers hoarding land waiting for a better return.

Brendan McDonagh's told the Housing and Homlessness Committee that since the start of 2014, they have sold land that could provide up to 20,000 units - but just 5% of that has so far been delivered.