The report also references the rising number of residential investment transactions happening before the units are built, with most entering forward-purchase arrangements with developers to buy rental blocks once they are completed.
Commenting on the nationality of those investing in Irish residential property, the report states that US buyers invested almost €660 million in Irish property in 2018, a 28 per cent increase on 2017. Professor PJ Drudy from Trinity College warned that housing in Ireland was over-priced and criticised the development sector, saying builders were “drip feeding houses onto the market... to maintain high prices”.
Glad to see the Govt are really tackling the housing crisis
MurphyEoghan This has to be stopped! Large Landlords should be banned, max holding of 10 properties CWeston_Indo cooper_m
That is a dangerous event and will lead to disadvantages for individual home-buyers/-sellers. Corporate investors gained an unfortunate foothold in some US housing markets after the great recession... danger...danger...danger.