Wednesday 7 December 2016

Meet the mysterious cash buyers: although chances are you already know them well

Published 10/10/2016 | 02:30

The question has been asked over and over – who exactly are the cash buyers of properties – the mysterious multitudes who pull the rug daily from the feet of the hard-pressed first time buyer?
The question has been asked over and over – who exactly are the cash buyers of properties – the mysterious multitudes who pull the rug daily from the feet of the hard-pressed first time buyer?

The question has been asked over and over - who exactly are the cash buyers of properties - the mysterious multitudes who pull the rug daily from the feet of the hard-pressed first time buyer?

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These buyers have purchased at least half of all Irish properties sold annually since the crash; in the early years it was up to 70pc.

And CSO statistics recently indicated that they got properties cheaper than borrowed buyers by virtue of wielding hard cash, with its power to seal a deal.

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