The flipside of property deals

The flipside of property deals
The Department of Justice building at 94 St Stephen's Green, Dublin 2, is back on the market at €15 million.

The big property flips of recent weeks are proving an exception to the rule,but more may be happening off-market, writes Donal Buckley.

The return to the market last week of the Department of Justice building on St Stephen’s Green with a €15 million price tag is the latest in what appear to be surprisingly few property flips by investors who have been riding the property cycle from bust to recovery.

Some overseas investment funds are already cashing in their chips by selling on Irish properties purchased over the last two years. As well as generating profits for...

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