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Business Editor €4.2 billion in capital was pumped into the Irish commercial and residential property market by foreign private finance providers each year between 2017 and 2019, new analysis has found. This represented nearly 78% of the total private funding in each of those years, when around 13,000 residential units were built, the report by Irish Institutional Property (IIP) concludes. The remaining 22%, or €1.2 billion, came from domestic sources. However, the analysis forecasts that as housing output climbs to the required annual level of at least 30,000 units in the coming years, the capital requirements to pay for that construction will more than double to €11 billion a year. ....
RTE Prime Time viewers had plenty of heated views about the property discussion The debate about investment funds buying housing in Ireland really struck a nerve Sign up! When you subscribe we will use the information you provide to send you these newsletters. Your information will be used in accordance with ourPrivacy Notice. Thank you for subscribingWe have more newslettersShow meSee ourprivacy notice On the most recent edition of Prime Time, the show discussed the idea that foreign investors and funds need to be kept away from purchasing property and family homes in Ireland. During the show, various reports explored how these funds are impacting the housing sector in Ireland, with various residents of East Wall, Dublin stating that they re being priced out of the area, even in terms of renting accommodation. ....
A property group that lobbied the Government for a shared equity scheme has admitted that the scheme, now a part of the Affordable Housing Bill, may lead to an increase in house prices. ....
Property group that backed controversial shared equity scheme admits house prices may rise independent.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from independent.ie Daily Mail and Mail on Sunday newspapers.