Nama initiative is ‘a bit of a kick in the teeth’

For those who bought during the boom in what are now Nama pilot estates, 80:20 is disappointing, writes Louise Roseingrave

RESIDENTS of a Cork housing estate where Nama’s 80:20 deferred payment initiative will be piloted feel the Government needs to do more for those in negative equity.

Three houses will be offered for sale in Ardfield, Grange, near Douglas; a development built by Fleming Construction shortly before the firm went bankrupt.