Bulk of the land and potential residential units were in Dublin, Cork, Kildare, Wicklow, Meath, Galway and Louth.
Most of land and potential residential units in Dublin, Cork, Kildare, Wicklow, Meath, Galway and LouthNama has sold 5,478 hectares of land since 2011, enough for 86,145 homes. To date, less than 11,000 units have been built, new figures from the Department of Finance show.
Some 316 hectares with a potential for 11,792 units were sold in Dún Laoghaire-Rathdown while Dublin City Council accounted for 168 hectares of Nama land sales with a potential for 11,240 units. The estimate of potential units was based on planning permission where a suitable permission was granted or estimates from planning consultants until the time Nama’s security over the property was sold.
“The Government needs to intervene with a penal tax for zoned land which will bring this type of land into use or at least release it on to the market,” Mr Doherty said.