Irish Life has blocked withdrawals from its €500 million Irish property fund for the next six months following a recent spike in the number of requests by investors seeking to get their money back, the Business Post has learned.
The insurance and pensions company confirmed to this newspaper that it has closed the fund until at least the end of August as it seeks to liquidate some of its property portfolio in order to pay ...
I can't imagine why property investors are exiting the market when the government is lifting the eviction ban to avoid a property price crash as interest rates squeeze borrowers. 🤔
No you can't have your own money! Irish Life and the government have decided thats the way its gonna be!
A result of the government’s relentless push to make people work from home.
The six month notice period was introduced in March 2020 for all switches, withdrawals or transfers out of any of their property funds or funds with significant exposure to property!
The biggest con out there Irish life
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Source: businessposthq - 🏆 8. / 71 Read more »