Tuesday September 22, 2020

Investors drawn by long-term income of social housing

More private funds are interested in providing state housing which, despite bringing in rents below market rates, has the advantages of 25-year leases and linkage to inflation

1st March, 2020
Mayeston Hall in Dublin 11: RediResi Icorp has bought 19 units for refurbishment and letting to local authorities

Investors are showing increased interest in providing multiple social housing units on long-term leases to local authorities and approved housing bodies which receive government funds, despite the fact that the rents offered by the government are below market rents.

Instead the investors are looking to the attraction of the 25-year long-term income stream as well as the linkage of rent increases to inflation as measured by the Consumer Price Index (CPI).

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