10% in 10 years revisited
This post revisits the claim made, a year ago, that NAMA only requires a recovery in property values of 10% in 10 years. The 15% fall in home values since has already pushed that out and a further 10% fall in 2011, as is likely, means that NAMA will require a new boom – 4% a year, every year till 2020 – to break even. Read more