First-time buyers will be deprived of the chance to buy almost 300 apartments at one of the country’s biggest new developments. First-time buyers will be deprived of the chance to buy almost 300 apartments at one of the country’s biggest new developments. Selling homes to big funds which then rent them out en masse has become increasingly common in this country as the housing crisis continues to spiral. The narrative around such funds’ involvement in Irish property has largely focused on ‘vultures’, which have bought non-performing loans at a low price in the hope of making a quick profit. However, another type of investment fund has also emerged, focusing on long-term investments in Irish property by buying homes and renting them out for years.

Source: Irish Independent April 02, 2019 01:30 UTC