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Article: NORTHERN Ireland property prices will nosedive if the Republic's new toxic assets agency dumps developments on the market, it has been warned
- Article from:
- Belfast Telegraph
- Article date:
- July 7, 2009
- Author:
CopyrightCopyright 2009 Belfast Telegraph. Provided by ProQuest LLC. (Hide copyright information)
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NORTHERN Ireland property prices will nosedive if the Republic's
new toxic assets agency dumps developments on the market, it has
been warned.
Finance ministers from both sides of the border are to hold
emergency talks over fears Northern Ireland could be swamped with
repossessed homes and offices. The spectre was raised at the top-
level meeting of the North/South Ministerial Council in Dublin.
Taoiseach Brian Cowen said there were concerns about the number
of Northern Ireland properties which will be taken over by the
Republic's National Assets Management Agency (NAMA).
The agency was set up to recoup nationalised bank losses for the
Republic through the selling off of developments that ...