NAMA figures point to 57% fall in property values: the good, bad and neutral news from Tranche 2
This post reviews the (scant) latest information from NAMA’s second tranche. It discusses the problems caused by Anglo’s omission from the figures NAMA gives, before estimating the likely true haircut for the first two tranches. It then calculates the total fall in property values implied by the ever-rising haircuts, before discussing some good news, bad news and neutral news from all this for the taxpayer. Read more