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Outlook cloudy for Irish residential property- NAMA

Posted on 29 September 2011

The outlook is cloudier for Ireland’s residential property market than its commercial market due to its dependence on the real economy, the chief executive of the state-run National Asset Management Agency (NAMA) said on Wednesday.
“The outlook for the residential property market is more clouded than for the commercial market, not least because it is more closely linked with the real economy and the overall outlook for employment, net pay and interest rates,” Brendan McDonagh said in a speech……………………………………….Full Article: Source


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