Housing
Investment in Irish residential property plunged 70% last year to just €300m - Knight Frank
The report also noted that the profile of our housing stock also needs to shift to match demand from certain ‘under pressure’ cohorts
Investment in Irish residential property collapsed last year to the lowest level in more than five years as higher interest rates brought activity among institutional investors to a standstill, a new report by Knight Frank, the commercial real estate firm, has found.
Figures compiled by the property agent show institutional funds invested just over €300 million in residential property last year, which was down almost 70 per cent on the €1.8 billion deployed by investors ...
