NAMA initiative proves a huge hit in first fortnight

NAMA initiative proves a huge hit in first fortnight

An estimated €6 million worth of property has sold in the two weeks since NAMA unveiled their 80:20 Deferred Payment Initiative.

The scheme, designed to protect home buyers from falling into negative equity, has proven a major success so far with people responding to the initiative that will see up to 20% of the mortgage written off in five years’ time if the price of the homes fall.

In Dublin three buyers have placed deposits on four bedroom houses being offered at Carrickmines Manor, which ranged in price from €295,000 to €310,000. Just one house in the estate – a three bedroom home at €275,000 – remains, according to estate agents Douglas Newman Good.

Meanwhile, in Meath as many as 17 of the 18 luxury homes at Killeen Castle have gone ‘sale agreed’.

The homes, priced at €320,000, come with three en-suite bedroom and are in the grounds of the exclusive golf course.

Meanwhile, one prospective buyer has made an offer for one of the two four bedroom houses at Browns Barn Wood in Dublin 22. These three storey homes come with a price tag of €335,000.

Meanwhile, in the Naul, a large number of houses at Delvin Banks have sold since the initiative was introduced. While no exact figures are available, it is understand that only the two bed (€175,000) and the four bed (€285,000) homes remain.

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