Paul Melia: Small cohort of investor landlords driving up rents
Published 29/12/2016 | 02:30
In a housing market experiencing price growth due to a shortage of homes, it seems perverse that one in four properties is bought by an investor when so many families are seeking a place to call their own.
But this figure has remained largely constant over recent years, and masks the fact that investors have also snapped up blocks of unfinished apartments, particularly in Dublin.
Tallaght Cross West, which includes 442 apartments, was sold to Canadian property giant IRES REIT last January for €64m.