High-profile Comer properties soar in value while standing still
One failed Celtic Tiger project bought for €7 million is now worth nearly €46 million
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One failed Celtic Tiger project bought for €7 million is now worth nearly €46 million
From next Monday owners will be permitted to return to the racetrack. This is obviously great news for the sport but we’re still some way off seeing any significant numbers of the general public visiting a racecourse as the government continues to steer a conservative route out of lockdown.
Cuckoo funds continued to gobble up swathes of the residential property market last year, despite the pandemic, and now own a combined 15,500 homes here. A small number of funds spent a combined €1.75bn in Ireland in 2020 buying residential units, according to analysis by real estate group CBRE. That was down on the record spend by funds in 2019, but according to CBRE represents a highly robust outturn given the challenging market conditions experienced – including the fact that the predominantly overseas buyers were not able to travel here for much of the year. Institutional investors ar...