Glenveagh plans to build an extra 2,650 homes between 2022 and 2024, amid “favourable” market conditions. Glenveagh plans to build an extra 2,650 homes between 2022 and 2024, amid “favourable” market conditions. Over the four year period the group now plans to build a total of 8,400 homes. Ahead of an investor day in London today, the listed company said there is “significant” private and institutional demand for housing, particularly starter homes. A relatively new phenomenon in Ireland, the build-to-rent market is becoming increasingly popular as institutional investors - dubbed cuckoo funds - radically change the country’s traditional housing market by buying or building entire blocks of accommodation to be rented long-term.

Source: Irish Independent January 29, 2020 07:18 UTC