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Losing out to "cash buyers"

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  • Registered Users Posts: 3,098 ✭✭✭Browney7



    The currency had a good piece on this a while back (behind paywall): https://thecurrency.news/articles/44909/your-new-neighbour-is-jp-morgan-why-global-capital-is-piling-into-irish-social-housing/

    One quote alluding to DCC's practices in the recent past: "Kenny has seen the long term leasing market change and grow in the recent years. Where before it was smaller players coming to them with portfolios of older homes, now it's institutional money buying newly built stuff".

    Article is focussed on institutionals and new large schemes but does outline how individual older properties haven't been immune from purchase



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