Re: Re: Ghost Estates, 3 Years supply unsold stock, one off hous

Again, I don’t see we’re contradicting each other, more facing the same way and taking a view on what’s the best course.

My fear is that no-one in NAMA will grasp the nettle – that they don’t want to sell any land because the expect prices will rise eventually .
Thus by leaving any decision on land sales until “later” they will see the price go up and improve the overall eventual return.

HOWEVER –

What they’re forgetting – if they were to choose that route – is that we are already seen as part of the “slow” second tier of Europe.
Germany and France are already recovering and we need to pull our socks up and get after them.

ONQ.