Friday 20 January 2017

Paul Melia: Number of bulk buys has soared over six years

Published 25/04/2016 | 02:30

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More than 280 homes are being bought every month by property funds as cash-rich investors continue to snap up much-needed homes.

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An analysis of the Property Price Register shows that 777 houses and apartments were sold in the first 10 weeks of this year for almost €140m as families struggle to buy or rent a property.

The data, analysed by the Independent.ie data science team, shows there has been a continuous rise in purchases by investors since 2010.

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