111 Deputy Joan Burton asked the Minister for Finance his views, with respect to Parliamentary Question No. 351 of 6 October 2009 and his comments made during the Second Stage debate of the National Asset Management Agency Bill 2009, on whether rising yields are a function of falling property values and on whether yields will fall if rents are adjusted downwards; his further views on whether in many cases when retailers and other businesses are in financial difficulties it is both expected and desirable that rents, and thus yields on the underlying properties, fall from their current unsustainable levels and if yields were to fall in this manner, the business case for NAMA would be undermined; and if he will make a statement on the matter. [35652/09]

Summary

111 Deputy Joan Burton asked the Minister for Finance his views, with respect to Parliamentary Question No. 351 of 6 October 2009 and his comments made during the Second Stage debate of the National Asset Management Agency Bill 2009, on whether rising yields are a function of falling property values and on whether yields will fall if rents are adjusted downwards; his further views on whether in many cases when retailers and other businesses are in financial difficulties it is both expected and desirable that rents, and thus yields on the underlying properties, fall from their current unsustainable levels and if yields were to fall in this manner, the business case for NAMA would be undermined; and if he will make a statement on the matter. [35652/09]

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