Oct. 26 (Bloomberg) -- National Asset Management Agency Chief Executive Officer Brendan McDonagh said a “certain element of dumping is going on” in the Irish real estate market.

“We’re looking very closely on what banks are trying to deleverage in the Irish market,” he said at a parliamentary committee hearing in Dublin today.

To contact the reporter on this story: Joe Brennan in Dublin at jbrennan29@bloomberg.net

To contact the editor responsible for this story: Dara Doyle at ddoyle1@bloomberg.net