Institutional funds pumping billions of euro into “forward funding” Irish residential developments can avoid paying stamp duty and ultimately circumvent the higher levy rate imposed on investors that bulk-buy houses, Department of Finance officials found last year.
In Ireland, investment funds have typically entered “forward purchase” agreements with developers to buy residential developments upon completion. New data from Sherry FitzGerald has shown a different “forward funding” model has become more prevalent, which involves institutional funds ...
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: