Ian Guider: If property funds fall out of love with Ireland, we will be left bereft

All signs are that the Reits and other investors are washing their hands of our inhospitable property market. If they go, who will back the huge building boost needed to offset our housing crisis?

21st November, 2021
Ian Guider: If property funds fall out of love with Ireland, we will be left bereft
Executives at Yew Grove Reit as it listed on Euronext in 2018. It is now selling out to a Canadian firm at a premium of just 1.7 per cent to its share price. Picture: Shane O'Neill, Son Photographic

Four pieces of news about the Irish property market emerged last week.

The first two from the Central Statistics Office reveal that house prices are now fast approaching Celtic Tiger levels, increasing by 12.4 per cent in the year to September. Separate CSO data revealed the number of rental properties in the state rose by just 4.9 per cent between 2011 and 2020.

Last week, Glenveagh, the second biggest housebuilder in the country, announced it was returning €100 million...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Related Stories

Dublin cranes flying close to all-time record on building sites

Delays for PPS numbers and work permits slowing recruitment of construction workers

€185 million worth of development land sold in third quarter

Harris: ‘Encourage children to build a career in construction’