NAMA Chief Points To Issues With Developers Hoarding Land

The Chief Executive of NAMA says there is an issue with developers hoarding land waiting for a better return. 

Brendan McDonagh's told the Housing and Homlessness Committee that since the start of 2014 they have sold land that could provide up to 20,000 units but just 5% of that has so far been delivered. 

CONTINUE READING BELOW

He's said that while there are a number of issues around planning and the density of housing, he believes owners and developers are waiting for a better return.