Institutional investors adopt cautious approach to buying Irish property

While a number of new apartment developments are expected to be completed in the next 18 months, agents expect a slowdown in purchases by international institutional investors.

Joan Henry of agents Knight Frank attributes this to ongoing uncertainty as a result of interest rate increases. She estimated that €1.85 billion was spent on residential investment in Ireland in 2022 and that it was the second most sought-after asset class after offices. In the fourth quarter ...

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