Vulture funds turn screw on apartment renters

Property giants seeking massive rental hikes as Dublin property market soars

30th December, 2014

International property giants are seeking punitive rent hikes from apartment dwellers as they attempt to take advantage of the building pressure in Dublin’s rental market.

A string of so-called vulture funds, which now control vast swathes of the capital’s private residential rental market, have sought rent increases of more than 20 per cent from residential tenants in recent weeks, as they seek to turn hefty profits from their assets.

Private equity giants...

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