Pursuits
Ireland Seeks to Entice Homebuyers Deterred by Market’s Collapse
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As Europe’s debt crisis deepens, Ireland is considering desperate measures to revive what remains of the country’s real estate industry.
The National Asset Management Agency, set up by the government 18 months ago to acquire risky assets, is trying to lure buyers back into one of the region’s worst-performing property markets. NAMA may sell homes at a discount, providing the value of the property falls further in the years after the deal, said Ray Gordon, a spokesman for the agency.