Why are Chinese millionaires buying homes in south Dublin?

When Niamh began house-hunting in Dublin’s suburbs, she soon noticed that viewings were often attended by agents who were using phones to live-stream the property to potential buyers in China - some of whom then outbid her.

Estate agents have confirmed that it is now commonplace for wealthy Chinese nationals to bid strongly on houses in South Dublin. But why? The answers lie in the details of a now-defunct “Golden Visa” scheme, the decline of China’s own property market and the desire of upwardly-mobile Chinese parents to give their children a Western education.

And why are these buyers free to take their money out of the Chinese economy and invest it in countries like Ireland?Government politicians admit to voting No in referendumsCheltenham 2024 day two live updates: Willie Mullins looks set to dominate once againResident sought €50,000 to withdraw objection to south Dublin housing developmentDomino’s Pizza Group to buy largest franchise in Ireland for €72mEU Parliament embraces new AI rules‘All dominant’ Willie Mullins closes on century of...

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘You feel it is inflating property values’: south Dublin homes targeted by rich Chinese buyersSurge in applications from Chinese multimillionaires to live in Ireland coincides with increase in live streamed viewings of Dublin properties
Source: IrishTimes - 🏆 3. / 98 Read more »

Wealthy Chinese buyers snapping up south Dublin homes ‘sight unseen’Attraction of south Dublin fee-paying schools is driving interest in the area among ‘top-tier’ business families in China, says Dublin agent
Source: IrishTimes - 🏆 3. / 98 Read more »

Colm Lauder: These numbers show why Dublin offices won’t be converted into homesOffice to residential conversions are still a long way from economic reality
Source: businessposthq - 🏆 8. / 71 Read more »

Resident Demands €50,000 to Withdraw Objection to Dublin Housing DevelopmentA resident in south Dublin demanded a large sum of money to withdraw his objection to a housing development, causing uncertainty for the proposed expansion of a Dublin apartment block.
Source: IrishTimes - 🏆 3. / 98 Read more »