Nama boss: House building here will remain 'challenging' for some time 

McDonagh will tell the PAC that the agency has been involved in the delivery of 32,000 new homes since 2014, with 11,000 of those delivered on sites within Nama's own portfolio by the end of 2021.

The head of the National Asset Management Agency (Nama) will today say that residential development “will remain challenging” for some time as Ireland’s construction industry struggles with the ongoing inflation crisis.

Chief executive Brendan McDonagh will today tell the Public Accounts Committee (PAC) that the agency’s own analysis shows that the cost of building apartments increased by 18% in the 12 months to the end of 2022.