« BackCromane native and NAMA CEO says developers are hoarding land

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

Cromane native 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.

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: