Friday 20 January 2017

Property love affair continues

Published 12/09/2016 | 02:30

Bricks and mortar is still the favoured investment of people in this country – even though
we had the biggest property bust in Europe from 2008. (Stock photo)
Bricks and mortar is still the favoured investment of people in this country – even though we had the biggest property bust in Europe from 2008. (Stock photo)

Our love affair with property remains as strong as ever, despite the calamitous collapse of the market.

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Bricks and mortar is still the favoured investment of people in this country - even though we had the biggest property bust in Europe from 2008.

New research commissioned by investment firm iCubed, and seen by the Irish Independent, found investing in property is the number one choice of those earning €75,000 or more.

Pensions top-ups and unit-linked funds were the next choices.

People were asked by Opinions.ie what they would do with a lump sum. Experts said it was surprising so many investors would still invest in property when the property bust here was so severe.

Managing director of iCubed Gary Connolly said strong emotional ties to property were not easily broken.

Mr Connolly said that in many instances emotion and other factors trumped logic for investors.

Irish Independent

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