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Fri 09 Sep 2009No margin for error on Nama
ECONOMICS:A WEEK on from the unveiling of the National Asset Management Agency (Nama), there has been a lot of commentary about how reasonable its core assumption is – ie that property prices need only increase 10 per cent over the next decade, writes RONAN LYONS
On the face of it, this is a reasonable assumption, and below what many would expect to be trend growth in property prices. Over a 10-year period with no significant bubble or bust, the figure could be closer to 25 per cent, just ahead of inflation.
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