The 2006 who’s who of Irish developers became a cropper in the financial crash of 2008, almost to a man. When the bubble ended and pumped-up property prices collapsed, overstretched builders were short on collateral to offer the devastated banks as the loans were called in. The lean Nama years followed as the state agency mopped up the property debts (the good the bad and the very bad) and set about realising the devalued bargain-basement assets. Some developers fought the process, others got on with it. Some did both. It took time. Nama is still going. But by a decade…
Cancel at any time. Are you already a member? Log in here.
Want to read the full story?
Unlock this article – and everything else on The Currency – with an annual membership and receive a free Samsonite Upscape suitcase, retailing at €235, delivered to your door.